Alcan Packaging to acquire cosmetic tubes facility in Russia

Alcan Packaging, part of Rio Tinto Alcan, announced that its Global Beauty division has signed a Share Purchase Agreement to acquire the Tubapak cosmetic tubes manufacturing facility in Russia. “This acquisition illustrates our growth strategy”, said Ilene S. Gordon, president and CEO, Alcan... Read more..

ArcelorMittal Takes Full Control of Its Stainless Service Centre in Turkey and Will Gradually Double Its Operations

ArcelorMittal and Primex (Germany) have reached an agreement whereby ArcelorMittal Stainless International is acquiring the 35% stake in Uginox Sanayi ve Ticaret Limited Sirketi (“Uginox”) which was owned by Primex. Uginox was formed in 1997 as a 65/35 joint venture between Arcelor and Primex. Uginox... Read more..

Clifton Star Drill Hole Returns Values of 113.80 g/t Au Over 3.60 Meters

Clifton Star Resources Inc. Vice-President of Exploration, Fred Archibald, P.Geo., OGQ, reports that drill hole DQ-08-50, approximately 1150 meters west of the Duquesne shaft, returned values of 113.80 g/t Au over 3.60 meters beginning at 365.70 meters of depth. Within this intersection a 1.70 meter... Read more..

Alcoa Electrical and Electronic Systems to Restructure Honduran and Mexican Operations Serving North American Auto Market

Alcoa announced that its Alcoa Electrical and Electronic Systems (AEES) business has initiated a restructuring of its Honduran and Mexican operations serving the North American auto market as a result of continued market softness. In total, the workforce reduction across the Honduran and Mexican operations... Read more..

First Gold Announces the Closing of Private Placements for an Amount of $667,000

First Gold Exploration Inc. announces the closing of non-brokered private placements for an additional amount of $667 000 following the press release dated June 12th 2008. The private placements are as followed: - PRIVATE PLACEMENT OF UNIT COMMON SHARES First Gold Exploration Inc. is pleased to announce... Read more..

Goldrich Receives New Trading Symbol — GRMC

Goldrich Mining Company, formerly Little Squaw Gold Mining Company (OTC BB:LITS.OB) is pleased to announce that it has received its new trading symbol from NASDAQ. Effective July 11, 2008 at market open, the new symbol for Goldrich will be (OTC BB:GRMC.OB). Shares of the Company’s stock trade on... Read more..

Young-Shannon Gold Mines, Limited Announces Corporate Name Change to “Metallum Resources Inc.”

Young-Shannon Gold Mines, Limited announces that effective at the opening of trading on the TSX Venture Exchange on July 11, 2008, the Corporation will trade under its new name “Metallum Resources Inc.” under the new symbol “MRV”. The Corporation’s shareholders voted 96.38%... Read more..

Gold Rock Consummated 10:1 Stock Split

Gold Rock Resources Inc., a publicly traded company specializing in mineral exploration in Canada, has consummated a forward stock split of the common stock of the Corporation on the basis of exchanging one (1) existing share of common stock for then (10) shares of post forward split common stock, the... Read more..

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Rio Tinto Reaches Agreement to Sell Its Kintyre Uranium Project For US$495 Million

Rio Tinto has signed an agreement to sell the Kintyre uranium project located in Western Australia to a joint venture consortium comprising subsidiaries of Cameco Corporation and Mitsubishi Development Pty Ltd for US$495 million. Guy Elliott, chief financial officer of Rio Tinto, said, “This sale brings... Read more..

Hecla Closes Venezuelan Gold Property Sale

Hecla Mining Company (NYSE:HL) is pleased to announce that it has completed the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. The... Read more..