STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical operations, and administrative offices in Columbus and Billings are also affected. The [...]

Cardero Resource Corp. provide an update on the Pampa El Toro (PET) iron sands project, located in the Marcona district, Peru. Cardero is currently focusing on two production scenarios for PET iron concentrate, involving near-term iron concentrate production and medium-term pig iron production. The first scenario involves early production of a direct-shipping iron oxide (magnetite) [...]

Böhler Uddeholm AG has acquired Kent, Wash.-based Summerville Steel Company, a privately-held distributor of specialty steel products. Transaction terms were not disclosed.
McGladrey Capital Markets LLC (www.mcgladreycm.com) initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Summerville Steel.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment [...]

Hidalgo Mining International (Other OTC:HMIT.PK - News), an innovative mining company headquartered in Port Washington, N.Y., announced that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint venture for the development of North Bay’s Silver Leaf Property. The terms of the Agreement will be announced once a [...]

U.S. Silver Corporation announce that Thomas Parker will become the Company’s interim Chief Executive Officer (”CEO”) effective immediately. Mr. Bruce Reid, the former CEO, will remain as a consultant to the Company. Mr. Reid was instrumental in the creation of U.S. Silver in 2006 and facilitated access to financing for the Company. He has [...]

Cardero Resource Corp. announce that it has entered into an agreement with Nanjinzhao Group Co., Ltd., a private Chinese enterprise located in Zibo City, Shandong Province, PRC, whereby Cardero Hierro del Peru, S.A.C., the holder of the Pampa de Pongo Iron Property, will sell its 100% interest to Nanjinzhao for a total purchase price [...]

Gerdau Ameristeel, a leading mini-mill steel producer, announced today that it has acquired Metro Recycling, a scrap processor headquartered in Guelph, Ontario. Terms of the transaction were not disclosed. Metro Recycling is a premier central Ontario recycler with three locations, two in Guelph and the other in Mississauga.
“Metro’s operations and experienced leadership team will enhance [...]

Gold Fields Limited updated its operational guidance for Q1 F2009.
Group attributable production for Q1 F2009 is expected to be approximately 798,000 ounces. This is 2.7% lower than the guidance provided on 1 August 2008, which indicated production of 820,000 ounces. This is due mainly to slower than expected build-up of production at Cerro Corona.
Group cash [...]