Sphere Minerals Limited: ASX:SPH, a West African focused Iron ore company, has announced that it has agreed to place 20,654,000 shares at A$1.60. This share will raise gross proceeds of to a total of $33,046,400. Alexander Burns, Managing Director of Sphere Minerals Limited is quoted saying: “The Placement was jointly managed by GMP Securities Europe [...]
Continue reading "Sphere Raises $33M for Askaf Project"
Wednesday, May 19, 2010
GINDALBIE METALS LTD (GBG:AU), an iron-ore producer, has secured the A$175-million institutional component from its A$206-million capital raising. The company is looking to raise between A$175-million and A$206-million. This amount will be used for the development of the Karara iron-ore project found in Western Australia. MD Garret Dixon was quoted saying: “This new institutional support [...]
Continue reading "Gindalbie Raises A$175m Institutional Support"
Tuesday, May 18, 2010
Lincoln Minerals (ASX: LML) has regained full ownership of its flagship Gum Flat iron-ore project, in South Australia after buying its 40% stake. Lincoln Minerals entered a joint venture with Mineral Enterprises in December of 2007 in Australia. Click here to access the entire news
Continue reading "Lincoln Regains 40% Stake Gum Flat Iron-Ore Project"
Tuesday, May 18, 2010
Credit Suisse Group AG (CSGN:VTX) is happy to announce that they expect its production of iron ore swaps to double until December of 2010. This is due to the project finance given by banks which help junior mining companies to lock in prices. Credit Suisse Account Executive Phillip Killicoat was quoted saying: “We have six [...]
Continue reading "Credit Suisse’s Iron Ore Swaps to Double by End of Year"
Tuesday, February 16, 2010
Alderon Resource Corp. (TSX VENTURE:ALD) reported that the company has closed the $10 million non-brokered private placement previously announced on January 15, 2010 through the issuance of 10 million subscription receipts, at a price of $1.00 per subscription receipt. The press release is quoted as saying: The Company and Privco are parties to an Option [...]
Continue reading "Alderon Completes Private Placement"
Monday, February 15, 2010
Adriana Resources Inc. (TSX VENTURE:ADI) reported that Mr. Ronald P. Gagel has been appointed as a director of the Company effective immediately. The press release is quoted as saying: Mr. Gagel is a chartered accountant with more than 30 years of professional experience, predominantly in the natural resources sector. Mr. Gagel is currently the Senior [...]
Continue reading "Adriana:Ronald P. Gagel-New Director"
Friday, February 12, 2010
Consolidated Thompson Iron Mines Ltd. (TSX:CLM) reported the appointment of Bernard R. Wilson to the new position of Lead Director. The press release is quoted as saying: Consolidated Thompson Iron Mines Limited is a development and exploration mining company. The Company is presently developing at the expected initial rate of 8.0 million tonnes per year [...]
Continue reading "Consolidated Thompson appointed new Lead Director"
Thursday, February 11, 2010
China Armco Metals, Inc. (OTCBB: CNAM), a distributor of imported metal ore with plans launched a new state of the art scrap metal recycling facility in China. The company also announced that it has received approval to list its common stock on NYSE Amex. The press release is quoted as saying: China Armco Metals, Inc. [...]
Continue reading "China Armco Metals Approved for Listing on NYSE Amex"
Wednesday, February 10, 2010
Net income at Vale (VALE5.SA)(VALE.N), the world’s largest iron ore producer, is reported to rise in the fourth quarter as production and freight costs remained subdued. The press release is quoted as saying: Rio de Janeiro-based Vale is expected to report profit of $1.57 billion for the quarter, an increase of 15 percent from $1.37 [...]
Continue reading "Vale: Rise in fourth quarter profit"
Tuesday, February 9, 2010
Adriana Resources Inc. (TSX VENTURE:ADI) reported that the company has closed the second tranche of a non-brokered structured private placement by issuing 4,270,000 flow-through common shares at $0.89 per share for gross proceeds of $3.8 million. All securities issued under the Second Closing will be subject to a four-month hold period expiring on June 6, [...]
Continue reading "Adriana Resources Update"
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Friday, May 21, 2010