Silvermet Inc. has entered into an Agreement to acquire Metoks Madencilik Metalurji Tasimacilik Sanayi ve Ticaret A.S. (”Metoks”), the owner of a Waelz kiln in Turkey that processes electric arc furnace dust (”EAFD”) to recover its zinc content. The purchase price is US $9 million. Silvermet will assume the Metoks liabilities of US $4.9 million [...]

KaMin LLC announced today that it will be restructuring its kaolin facilities in Georgia over the next several months. The net impact will be a reduction of its hydrous production capacity and elimination of select paper grades at its Sandersville operation. The restructuring will include a reduction in the KaMin workforce.
“Significant increases in operating and [...]

Aultra Gold Inc. announced that it has entered into a Memorandum of Understanding to merge with Dutch Gold Resources, Inc., a gold producer with a mine in Oregon.
Said Rauno Perttu, President of Aultra Gold, “We are excited with this merger, which will join us with the Dutch mining team and their Oregon mine and mill. [...]

San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past [...]

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig [...]

Frontera Resources Corporation, an independent oil and gas exploration and production company, today announced an update of operations at its Shallow Fields Production Unit, Block 12, Georgia.
Development drilling operations at the Mtsare Khevi Field have continued to progress since the completion of a multi-well workover program during the second quarter of 2008. Production results from [...]

Ryerson Inc. today announced that Stephen Makarewicz, a veteran of the metals distribution industry, has been appointed Chief Executive Officer (CEO). Makarewicz had been serving as the company’s president and chief operating officer (COO) since Ryerson announced the initial steps of a comprehensive reorganization in October 2007. Makarewicz has been with Ryerson for 25 years [...]

“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA).
“There is absolutely no economic reason for prices to increase the [...]

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 [...]

Vangold Resources Ltd. (CDNX:VAN.V) (Other OTC:VNGRF.PK) (”Vangold”), further to a news release of May 21, 2008 announcing the drill program, drilling commenced at the Kafunjo concession on May 25th. Mr. Locke Goldsmith, P.Eng., P.Geo., reports that as of June 1, the drilling was going well and that the first hole, logged to 288 meters, showed [...]