Metallurgical test work for Seabridge Gold’s 100% owned KSM Project predicts gold recoveries averaging 77.4% and copper recoveries averaging 84.8% at a concentrate grade of 25% copper. The results of the test work will be incorporated into the Preliminary Assessment scheduled for completion later... Read more..
Bear Creek Mining provide an update on the Prefeasibility Study on the Corani silver-lead-zinc deposit located in southern Peru. Preliminary design criteria have been defined, field engineering test work has been initiated and the Study is on track for completion in early 2009. Andrew Swarthout, Chief... Read more..
StrataGold Corporation announce initial results from the C$5 million 2008 diamond drill (DD) program on the Dublin Gulch property. This year, StrataGold aims to increase the resource of both the Eagle Zone and Mar-Tungsten Deposits. A total of 34 DD holes were completed on the Mar-Tungsten Deposit in... Read more..
Nucor Corporation announced today that it plans to begin steel bar production at its previously idle rolling mill in Kingman, Arizona. Nucor expects capital improvements necessary to restart production to total about $30 million and expects rolling operations to begin in Kingman by the second quarter... Read more..
Nucor Corporation announced that its wholly owned subsidiary, Harris Steel, Inc., has completed the acquisition of the stock of Ambassador Steel Corporation, based in Auburn, Indiana, for a cash purchase price of approximately $185 million. The transaction includes the shares of Ambassador’s affiliate,... Read more..
Gold Fields Limited published its Resources and Reserves Statement, as at 30 June 2008. Gold Fields CEO, Nick Holland said: “Gold Fields’ 83moz reserve base remains one of the strongest in the industry and provides Gold Fields with a robust base from which to pursue its aggressive growth... Read more..
Curtiss-Wright Corporation announced that it has submitted a letter to VMETRO ASA stating its intention to launch a voluntary offer to acquire 100% of the outstanding stock of VMETRO ASA at a price per share of NOK 12.06 in cash. The launch of the voluntary offer is subject to certain contingencies,... Read more..
Northern Superior Resources Inc. announced the appointment of Arnold Klassen and Roland Horst to the Company’s Board of Directors and the release of its financial and operating results for the first six months and second quarter of 2008, with the Company’s management’s discussion and... Read more..
Redcorp Ventures Ltd. and its wholly-owned subsidiary, Redcorp Empreendimentos Mineiros Unipessoal Lda (”REM”), present geochemical results from ongoing exploration programs in Portugal. Geochemical results have been received from both the drill program at Lagoa Salgada, a base metal project... Read more..
FUQI International, Inc. announced that it has completed the purchase of two jewelry companies, Shanghai Tian Mei Jewelry Co. Ltd. and Beijing Yinzhong Tian Mei Jewelry Co. Ltd., collectively known as Temix (”Temix”) on August 7, 2008. FUQI has acquired 100% ownership of Temix an asset purchase... Read more..