Wescast Industries Inc. (TSX:WCS.A) today reported 2009 third quarter sales of $52.2 million and a net loss of $6.1 million. The press release is quoted as saying: Wescast Industries Inc. is the world’s leading supplier of cast iron exhaust manifolds for passenger cars and light trucks. The Company designs, casts, machines and assembles exhaust system [...]
Read the full article: "Wescast Industries Q3 sales report"
Tuesday, October 27, 2009
Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) announced that the company has closed the second and final tranche of a previously announced non-brokered private placement for up to 15,789,473 units at a price of CDN$0.38 per unit for gross proceeds of up to CDN$6,000,000. The press release is quoted as saying: Ecometals Limited is a Canadian-listed mineral exploration [...]
Read the full article: "Ecometals Closes Private Placement Financing"
Tuesday, October 27, 2009
GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(PINK SHEETS:GLBXF) informs the shareholders that the company has acquired 100% interest in the Raymor “A” Gold Zone located in Dalquier township Quebec, almost 8 kms north of the town of Amos. The press release is quoted as saying: Globex has acquired a large block of mineral rights in Northern Quebec [...]
Read the full article: "Globex Acquires Raymor “A” Gold..."
Monday, October 26, 2009
Cardero Resource Corp. (TSX:CDU) today announced that the company has completed a $1,000,000 investment in Wealth Minerals Ltd. of Vancouver, B.C. The press release is quoted as saying: Cardero’s focus through the coming months is be to realise the considerable value it believes is locked in the Company’s significant iron ore assets in the Marcona [...]
Read the full article: "Cardero invests $1,000,000 in Wealth..."
Monday, October 26, 2009
Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), and its Board of Directors are pleased to announce that Apella has now commenced its 10-hole diamond drill program on its 100% owned Iron-T Iron-Vanadium-Titanium project. The press release is quoted as saying: The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of [...]
Read the full article: "Apella Resources starts Iron-T Project"
Thursday, October 22, 2009
India Globalization Capital (NYSE Amex: IGC), a company developing infrastructure in India, today announced that the company has raised $2 million in one-year debt financing with zero percent interest in exchange for a promissory note and 530,000 shares of unregistered common stock. The press release is quoted as saying: India Globalization Capital is a construction [...]
Read the full article: "India Globalization Raises $2M in Debt..."
Wednesday, October 21, 2009
By Kishori Krishnan Exclusive To Iron Investing News China, the world’s biggest steel producer, is flexing its muscles again. The country is eager to replace the benchmark arrangement price long used by the industry for iron ore imports with one that will give it a bigger say. Last week’s major meeting between the world’s iron [...]
Read the full article: "China & Its Shenanigans"
Wednesday, October 21, 2009
MetalCORP Limited (TSX VENTURE:MTC) announced preliminary results from a re-evaluation of Big Lake property (100% owned) whish is situated 10km southeast of Marathon and 10km southwest of the Hemlo gold mines, Ontario. The press release is quoted as saying The preliminary re-evaluation has identified four zones for further exploration at and around MetalCORP’s BL-14 copper-zinc [...]
Read the full article: "MetalCORP Limited updates on Big Lake..."
Wednesday, October 21, 2009
Blackstone Ventures Inc. (TSX VENTURE:BLV) updates on the companies new airborne geophysical survey at Uma Volcanogenic Massive Sulphide Cu-Zn-Pb-Au project and diamond drill results at the Norbotten Cu-Au project. The press release is quoted as saying Assays results from 7 diamond drill holes totaling 895 metres completed last month at its Norbotten Iron Oxide-Copper-Gold (IOCG) [...]
Read the full article: "Blackstone Ventures Updates on Two Projects"
Wednesday, October 21, 2009
India Globalization Capital, Inc. (NYSE Amex: IGC) announced that the company has been awarded an iron ore supply contract worth $1.8 million. The press release is quoted as saying In 2008, the market for iron ore totaled nearly $80 billion; and global use of finished-steel products has increased markedly since 2005, especially in countries with [...]
Read the full article: "India Globalization Capital awarded $1.8M..."
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Thursday, October 29, 2009