Posts Tagged ‘metal’

ArcelorMittal Announces Acquisition of Concept Group

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 [...]

Monday, July 21st, 2008

Latrobe Specialty Steel Announces End of Labor Dispute

Latrobe Specialty Steel welcomes the news that Local 1537 of the United Steelworkers approved today the collective bargaining agreement negotiated Friday evening and that the twelve-week work stoppage is ending.
“I know that I speak for every Latrobe Specialty Steel employee when I say that we appreciate the return of our hourly colleagues. We have reached [...]

Monday, July 21st, 2008

Severstal Extends Tender Offer for Shares of Esmark Incorporated

OAO Severstal, one of the world’s leading metals and mining companies, announced that it has extended the expiration date for its tender offer to purchase all outstanding shares of Esmark Incorporated (Nasdaq: ESMK; “Esmark”), at an offer price of $19.25 per share, to 10:00 a.m., Eastern Daylight Time, on Monday, August 4, 2008.
The tender offer [...]

Sunday, July 20th, 2008

Vena Begins Second Phase 8,000 Metre Drill Program at Azulcocha West

Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a [...]

Saturday, July 19th, 2008

Radisson Mining Confirms Issuance of Shares for Debt

Radisson Mining Resources Inc., announces the issuance of 238,806 Class A Shares at $0.335 per share in settlement of debt obligations owed to Dale M. Hendrick of $80,000 following the receipt of a final letter of approval by the TSX Venture Exchange (the “TSXV”). These obligations were incurred under a technical consulting arrangement with Mr. [...]

Saturday, July 19th, 2008

Northgate Announces Additional Drill Results for the Young-Davidson Project

Northgate Minerals Corporation is pleased to report drill results for 34 surface and 59 underground diamond drill holes totalling 33,000 metres, which were completed during the first half of 2008 at the Young-Davidson project near the town of Matachewan in northern Ontario. The purpose of the ongoing diamond drill program is to increase the measured [...]

Saturday, July 19th, 2008

Uruguay Mineral Exploration Inc: Exploration Report for the Fourth Quarter Ended 31 May 2008

Uruguay Mineral Exploration Inc reports on the results of exploration activities during the quarter ended 31 May 2008.
David Fowler, Chief Executive Officer commented: “We have made good progress in the fourth quarter towards achieving our exploration objectives; results overall have been encouraging.
“Near the mine, we have had better results in the deep drilling program at [...]

Thursday, July 17th, 2008

Montanore Hard Rock Mine Exploration Impact Plan is Approved

Mine Management, Inc told the press on Monday that the Montana State Department of Commerce approved the Hard Rock Mining Impact plan which was proposed for the montanore Silver-Copper Project near the town of Libby, Montana.
Mr. Glenn Dobbs, Mines management’s president and CEO, said that We are appreciative for the recent approval of the [...]

Thursday, July 17th, 2008

ArcelorMittal Acquires Outstanding Shares in Rolanfer Recyclage S.A.

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 [...]

Wednesday, July 16th, 2008

Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

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 [...]

Wednesday, July 16th, 2008