Gravity West Mining Corp. is pleased to announce that it has identified potential kimberlite, uranium, and IOCG (Iron Oxide Copper-Gold) exploration targets from the interpretation of the 2007 airborne geophysical survey data. The study was carried out by Condor Consulting Inc., who is specialists in airborne geophysical data interpretation. A total of 40 kimberlite targets, [...]

OAO Severstal, one of the world’s leading metals and mining companies, today announced that it has reached a binding agreement to purchase WCI Steel, a market leader in the production of value-added steel products based in Warren, Ohio.
According to the terms of the agreement, Severstal will acquire all outstanding equity of WCI for a total [...]

A new study from consultants Wood Mackenzie finds consolidation in the energy industry tends to boost shareholder value rather than diminish it.
The report analyzed the strategy used and value created in deals completed by 38 companies between 2001 and 2006. The companies included major oil companies, independents, Asian national companies and Russian players.
The 195 transactions [...]

Zambia-focused miner Kiwara has negotiated an amendment to its joint-venture agreement with LM Engineering to include the mining of iron ore.
Kiwara is paying LM Engineering $100,000 to waive its rights to indepdently develop the iron ore prospects in the Licence 267 area in the Kabompo region of Zambia. The region is known to contain a [...]

Paramount Gold and Silver Corp. is pleased to announce that it has signed a Letter of Intent to enter into a strategic alliance with Mexoro Minerals Ltd. The strategic alliance contemplates both companies combining their mining and exploration expertise including resources such as management, personnel, exploration equipment and mining concessions to maximize shareholder value [...]