Hochschild Mining Plc. increased its stake in Canadian gold producer Lake Shore Gold Corp. to 40 percent after buying 11.8 million shares from a subsidiary of FNX Mining Co. Inc.
The shares were acquired for C$1.82 per share or a total of C$21.4 million in cash.
In February, the FTSE-250 precious metals producer, which had focused on [...]
Liberty Star Uranium & Metals Corp. (the “Company”)(OTCBB:LBSU) is pleased to announce that the CEO/President of the Company, James A. Briscoe, and the CEO/President of Mayo Gold Explorations Ltd. (“Mayo Gold”), Pedro Villagran Garcia, have signed a Letter of Intent to joint venture the El Papago Project (“El Papago”) in Sonora, Mexico and the Tombstone [...]
Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]
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 [...]
Great Western Minerals Group Ltd. is pleased to announce that it has signed a non-binding Letter of Intent to acquire all of the issued and outstanding shares of Less Common Metals Ltd. (”LCM”) of Birkenhead, United Kingdom, subject to the required regulatory approvals in the UK and Canada. The purchase price of this acquisition is [...]
China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ; “China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that Ms. Jessica Yu, China Shen Zhou’s Chairwoman and CEO, will ring the American [...]
Galloway Energy Inc., an emerging growth company focused on property exploration and acquisitions in the energy and precious metals sectors, announced today that it has reviewed news releases including assay result of samples taken by other mining companies located near the Company’s recently acquired FraserBend Claim properties located in the Quesnel Trough, in the Cariboo [...]
Nevoro Inc. (”Nevoro”) (Toronto:NVR.TO) is pleased to announce that Aurora Platinum Exploration Inc., (formerly Aurora Metals (BVI) Limited), (OTC BB:AUPXF.OB) (”Aurora”) has received approval, of its common shareholders at its special shareholders meeting held yesterday (the “Meeting”), 97 % of the votes cast by the Aurora Shareholders voting in person or by proxy at the [...]
Royal Resources announced that through its JV partner Gindalbie Metals, is currently undertaking an aggressive drilling campaign of Direct Shipping Ore mineralisation at the Shine Prospect under the Warriedar JV. Ongoing surface geological mapping and surface sampling completed in 2007 and early 2008 had identified a prospective strike length of 850m of mineralised banded iron [...]
China’s Sinosteel Corp. said Wednesday it has boosted its stake in Australian iron ore miner and developer Midwest Corp. to 28.4 percent, from 19.9 percent.
The Chinese metals trader, which is battling Murchison Metals Ltd. for Midwest, is bidding 1.36 billion Australian dollars (US$1.3 billion; ?830 million) in an offer that ends June 13.
Sinosteel had 60.4 [...]
