Adriana Resources Inc. (TSX VENTURE:ADI)reported that the company has closed the first tranche of a non-brokered private placement of 1,350,000 flow-through common shares at $0.89 per share for gross proceeds of C$1,201,500. The press release is quoted as saying: Adriana is currently focused on the advancement of its Lac Otelnuk world-class iron ore deposit located [...]
CHAMPION MINERALS INC. (TSX VENTURE:CHM)(FRANKFURT:P02) reported that it is increasing the amount and working towards the completion of a non-brokered private placement of up to $5,100,000 in total proceeds from up to 6,545,454 Flow-Through Units. The press release is quoted as saying: Champion is an exploration Company focused on discovering and developing significant metal resources [...]
Swift Resources Inc. (TSX VENTURE:SWR) announced that a 7 hole, 580 meter drill program has been completed on the Iron Range property. The press release is quoted as saying: The Iron Range property consists of 22,000 hectares owned 100% by Eagle Plains and has no underlying royalties or encumbrances. The property covers a 25 kilometer [...]
Ginguro Exploration Inc. (TSX VENTURE:GEG) reported that the company has executed a definitive option agreement with privately-held Canadian Continental Exploration Corp., pursuant to which Canadian Continental can an earn a 70% interest in El Alto, Ginguro’s Chilean Iron Oxide-Copper-Gold property. The press release is quoted as saying: The agreement is subject to acceptance by the [...]
On Tuesday, it was reported that CAP (CAP.SN) will resume most of the iron mining projects it put on ice during the worst of the global crisis. The news release is quoted as saying: These could raise the company’s iron output by about 50 percent in coming years from the current level of about 8.5 [...]
On Tuesday, MMX(MMXM3.SA), owned by Brazilian magnate Eike Batista, is reported to invest up to $1.2 billion to more than triple iron ore production capacity by 2015. The news release is quoted as saying: MMX (MMXM3.SA) plans to reach a capacity of 33.7 million tonnes per year from the current 9 million tonnes per annum [...]
On Monday, the chief executive of Brazilian mining giant Vale said that Iron ore prices will likely rise in 2010, underpinned by growing demand from China. The news release is quoted as saying: Iron spot prices are still some 30 percent above 2009 contracts on a freight-adjusted basis, a sign of continuing demand for raw [...]
On Friday, it was reported that China has discovers a one billion metric ton iron ore deposit in northern Hebei Province, the largest such discovery since the 1980s. The news release is quoted as saying: Zhang Shaolian, head of Hebei Provincial Bureau of Land and Resources, said the deposit in Luannan County is shallow and [...]
Baffinland Iron Mines Corporation (TSX:BIM) reported today that the company has closed its public offering on a bought deal basis of 20,834,000 units of securities of the Company at a price of $0.48 per Conventional Unit for gross proceeds of approximately $10 million. The news release is quoted as saying: Baffinland is a Canadian publicly-traded [...]
Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) reported that the company has granted an aggregate of 2,735,000 stock options to certain directors, officers and employees of the Company. The press release is quoted as saying: Ecometals Limited is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Apart from its gold exploration activities [...]
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