Yahoo! Canada Finance: Industrial Metals & Minerals Industry News

Newmont and Sumitomo Enter into an Agreement to Sell an Additional 14% Share Sale of PTNNT for $494 Million

Tue, 24 Nov 2009 02:01:34 GMT

CNW Group - Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that its subsidiary, Newmont Indonesia Limited, together with Nusa Tenggara Mining Corporation ("NTMC") (an affiliate of Sumitomo Corporation), have agreed to sign a sale and purchase agreement for an additional 14% of PT Newmont Nusa Tenggara ("PTNNT") (7% for the 2008 divestiture and 7% for the 2009 divestiture) to PT Multi Daerah Bersaing ("PTMDB"), a consortium comprised of regional and local governments near the Batu Hijau mine, and PT Multicapital, a private company.

Mosquito Files Independent Preliminary Economic Assessment of CUMO Molybdenum-Copper-Silver Project

Tue, 24 Nov 2009 00:45:56 GMT

GlobeNewswire - ---------------------------------------- ------- Zone Cu% MoS2% Ag % W % ------------------------------------------------- Oxide 60% 80% 70% 35% ------------------------------------------------- CuAg 68% 85% 73% 35% ------------------------------------------------- CuMo 87% 92% 78% 35% ------------------------------------------------- Mo 80% 95% 55% 35% ------------------------------------------------- Formulas (resource calculation): Recv for a metal is taken from the above table for each assay/block in a particular zone and is value percentage/100 $RV= ((Cu*20*$* recv)+((MoS2*20*(1.5/1.6681)*$(MoO3)* recv)+(Ag*$* recv)+(W*$* recv)) Recovered Cu.

Western Coal Aware of Potential Lawsuit

Tue, 24 Nov 2009 00:26:34 GMT

PRNewswire - Western Coal Corp. (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ("Western" or the "Company") announces that it has received service of a proposed class action lawsuit that was commenced in the Ontario Superior Court of Justice on November 20, 2009.

Atikwa Resources Inc. Announces Private Placement

Mon, 23 Nov 2009 23:50:06 GMT

Marketwire - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Archangel Diamond Corporation Announces Change to Board of Directors and Updates US Bankruptcy Proceedings

Mon, 23 Nov 2009 23:42:22 GMT

Marketwire - Archangel Diamond Corporation ("Archangel" or the "Corporation") (NEX BOARD:AAD.H) announces the resignation of L.

Hathor and NCR Jointly Announce Plan of Arrangement Has Closed

Mon, 23 Nov 2009 23:39:16 GMT

Marketwire - Hathor Exploration Limited (HAT - TSX.V) ("the "Company") and Northern Continental Resources Inc. (NCR - TSX.V) ("NCR") jointly announce that, further to the Company's press releases dated July 15, 2009, September 18, 2009, and November 10, 2009, the Company has closed the plan of arrangement (the "Arrangement") with NCR.

Talison Lithium Limited lodges prospectus for ASX IPO

Mon, 23 Nov 2009 23:29:17 GMT

CNW Group - Talison Lithium Limited ("Talison Lithium" or the "Company") today announced that it has lodged a prospectus with the Australian Securities & Investments Commission for an initial public offering ("IPO") of its ordinary shares (the "Ordinary Shares") on the Australian Stock Exchange (the "Australian Offering").

Compass Minerals Blends Sugars with Salt to Create Advanced Highway Deicing Product

Mon, 23 Nov 2009 23:06:24 GMT

Business Wire - North American Salt Company and Sifto Canada Corp, subsidiaries of Compass Minerals (NYSE: CMP), today announced the introduction of Thawrox® Treated Salt, a novel highway deicing salt product that incorporates plant sugars for improved efficacy.

Cytec Industries to present at the 2009 Citi Basic Materials Conference

Mon, 23 Nov 2009 21:30:51 GMT

Business Wire - Cytec Industries Inc. (NYSE:CYT) announced today that David Drillock, Vice President and Chief Financial Officer, will address representatives from investment institutions at the following event.

The Beard Company Reports Third Quarter and Nine-Month Operating Results

Mon, 23 Nov 2009 21:30:17 GMT

PRNewswire - The Beard Company (OTC Bulletin Board: BRCO) today reported net earnings of $3,713,000, or $0.18 per diluted share, for the nine months ended September 30, 2009, compared with net earnings of $2,072,000, or $0.10 per diluted share, in the corresponding period of the previous year.

Worthington Industries Declares Quarterly Dividend

Mon, 23 Nov 2009 21:16:03 GMT

Business Wire - The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.10 per share.

Altius Minerals Corporation: NLRC's Proposal to Creditors Receives Formal Court Approval

Mon, 23 Nov 2009 20:45:05 GMT

Marketwire - Altius (TSX:ALS) reports that Newfoundland and Labrador Refining Corporation (NLRC), of which it owns 37% and is a secured creditor, has had its proposal to creditors approved by the Supreme Court of Newfoundland and Labrador.

Pele Mountain Announces Closing of Flow-Through Financing

Mon, 23 Nov 2009 20:11:05 GMT

Marketwire - Pele Mountain Resources Inc. (TSX VENTURE:GEM)("Pele" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") with 10 subscribers, two of whom were directors or related to directors of Pele and, three of whom were from the MineralFields Group for an aggregate of 5,809,998 flow-through units in the capital of the Company (each a "Unit") at a purchase price of $0.18 per Unit for gross proceeds of $1,045,799.67.

Century Mining Receives Overwhelming Support Of Financing Plan At Special Meeting Of Shareholders

Mon, 23 Nov 2009 20:10:36 GMT

CNW Group - Century Mining Corporation (CMM: TSX-V) today announced that the Company received overwhelming support at a special meeting of shareholders who passed an ordinary resolution authorizing and approving a C$21 million private placement of units of the Company, the creation of new control persons of the Company and the consequent amendment of the Company's shareholder rights plan.

Galahad Metals Completes Private Placement

Mon, 23 Nov 2009 20:10:20 GMT

Marketwire - Galahad Metals Inc (TSX VENTURE:GAX) announced that the Company has completed the private placement of 2,600,000 units of the Company ("Units") at a price of $0.10 per Unit for gross proceeds of $260,000.

Toronto stocks higher as oil, metals rise; N.Y. ahead on positive housing data

Mon, 23 Nov 2009 19:49:00 GMT

The Canadian Press - TORONTO - The Toronto stock market advanced Monday afternoon but was off early highs as gains in energy and gold stocks moderated.

Noront resources comments on Freewest alternative transaction

Mon, 23 Nov 2009 19:35:23 GMT

PRNewswire - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) notes that Freewest Resources Canada Inc. ("Freewest", TSX-V:FWR) in its press release of November 23, 2009 has announced a proposed alternative transaction with Cliffs Natural Resources Inc. ("Cliffs", NYSE: CLF & PARIS: CLF) to Noront's Offer of 0.25 of a Noront common share and C$0.0001 in cash for each Freewest common share.

Landdrill - Announces New Directors

Mon, 23 Nov 2009 19:19:58 GMT

CNW Group - Landdrill International Inc. (TSX.V:LDI) is pleased to announce the appointment of Mr. Roger Clinch...

IIROC: Halt; EMC Metals Corp.

Mon, 23 Nov 2009 19:17:19 GMT

Marketwire - The following issue(s) have been halted today:

Investment Industry Regulatory Organization of Canada - Trading Halt - EMC Metals Corp. - EMC, EMC.WT

Mon, 23 Nov 2009 19:13:07 GMT

CNW Group - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):

Azimut stakes a major Rare Earth Element-Copper exploration target in Nunavik, Quebec

Mon, 23 Nov 2009 19:11:36 GMT

CNW Group - Azimut Exploration Inc. ("Azimut") is pleased to report that it has identified a major rare earth element (REE) and copper exploration target in Nunavik, Quebec.

Robex increases ownership interest in its Kolomba Permit to 100% and Signs a Confidentiality Agreement with Golden Rim Resources

Mon, 23 Nov 2009 19:03:15 GMT

CNW Group - Robex Resources Inc. (TSX-V: RBX / FWB*: RB4) has acquired an additional 5% ownership interest in its Kolomba permit and has also bought back the 2% NSR from its local partner, making Robex 100% owner of the permit.

Spectrum Blue Steel and TGEG Announce Their Go Green Campaign for 2010

Mon, 23 Nov 2009 18:50:49 GMT

PRNewswire - In an announcement today, Ronald Flynn, Founder of Spectrum Blue Steel, stated, "We have initiated the fastest growing alternative energy program in Asia -- not only securing clean, green, renewable energy sources to power the Philippines but encouraging environmental innovation, and technologies that will spur economic growth and grow tomorrow's green energy jobs."

First Quantum Minerals to acquire Kiwara PLC in deal worth $260 million

Mon, 23 Nov 2009 18:42:00 GMT

The Canadian Press - TORONTO - Shares of First Quantum Minerals Ltd. (TSX:FM) soared almost five per cent Monday after the British Columbia-based miner announced the acquisition of a major strategic copper asset in Zambia.

Ritchie Bros. Auctioneers to establish presence in Salt Lake City, Utah

Mon, 23 Nov 2009 18:34:34 GMT

PRNewswire - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest auctioneer of industrial equipment,...

Canada Lithium launches pilot-scale metallurgical test; undertakes review of open-pit potential

Mon, 23 Nov 2009 18:24:41 GMT

CNW Group - Canada Lithium Corp. (TSXV: CLQ) announced today that a 20-tonne bulk sample comprised of drill core obtained during the current 7,000-metre drill program and from bulk pegmatite material taken from the former mine site has been sent for metallurgical pilot plant test work in the first stage of a Bankable Feasibility Study for the Quebec Lithium Project.

Joy Global Inc. Declares Quarterly Dividend of $0.175 Per Share

Mon, 23 Nov 2009 18:18:23 GMT

Business Wire - Joy Global Inc. (NASDAQ: JOYG), a worldwide leader in high-productivity mining solutions, announced today that its board of directors has declared a quarterly dividend in the amount of $0.175 per share to be paid on December 18, 2009 to shareholders of record on December 4, 2009.

Saturn Minerals & Swift Resources Receive Final NI 43-101 Report, Drill Program Initiated

Mon, 23 Nov 2009 18:05:53 GMT

Marketwire - Saturn Minerals Inc. (TSX VENTURE:SMI) ("Saturn") & Swift Resources Inc. (TSX VENTURE:SWR) ("Swift") (the "Companies"), have received the NI 43-101 report (the "Report") from Palatine Geological Ltd. on the Companies' jointly-held Saskatoba Coal Project near Hudson Bay, Saskatchewan.

Research and Markets: Analyzing Coal to Liquids

Mon, 23 Nov 2009 17:41:35 GMT

Business Wire - Research and Markets (http://www.researchandmarkets.com/resea rch/9c470b/analyzing_coal_to) has announced the addition of the "Analyzing Coal to Liquids " report to their offering.

Golden Band Resources Inc.: Federal Environmental Screening is Underway

Mon, 23 Nov 2009 16:47:40 GMT

CNW Group - Golden Band Resources Inc. (GBN: TSXV) announced today that Fisheries and Oceans Canada (DFO) has accepted the Company's Fish Habitat Compensation Plan and have also advised GBN that all other federal departments involved in the review of the company's La Ronge gold project (Jolu Central Mill Project) have confirmed that they have received all of the necessary information in order for DFO to complete the Canadian Environmental Assessment Act (CEAA) screening report for the project.

Vault Minerals announces $550,000 offering

Mon, 23 Nov 2009 16:27:06 GMT

CNW Group - VAULT MINERALS INC. (TSX-V: VMI) ("Vault" or the "Company") announces that it intends to complete a non-brokered private placement (the "Offering") to raise aggregate gross proceeds of up to $550,000.

Ressources Appalaches: Start of Drilling at the Dufferin Mine

Mon, 23 Nov 2009 16:19:32 GMT

Marketwire - Ressources Appalaches (TSX VENTURE:APP) is pleased to announce the start of drilling operations on the Dufferin property in Nova Scotia.

Vior Obtains Authorization to Complete a Bulk Sample on its Douay Ouest Property and Completes a $150 000 Financing With a Fund

Mon, 23 Nov 2009 16:11:23 GMT

Marketwire - SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) - closed on November 17, 2009 a private placement with a fund from Toronto for gross proceeds of $150,000 consisting of a total of 1,153,946 flow-through common shares at a price of $0.13 per share.

Lucara Appoints Tony George VP Development

Mon, 23 Nov 2009 16:06:31 GMT

Marketwire - Lucara Diamond Corp. ("Lucara" or the "Company") (TSX VENTURE:LUC) is pleased to announce Mr. Anthony...

HudBay Nominates Alan Hair for Aquila Board Seat

Mon, 23 Nov 2009 16:00:04 GMT

Marketwire - The Board of Directors of Aquila Resources Inc. (TSX:AQA)(FRANKFURT:JM4A) is pleased to announce that Mr.

Gowest Announces $6,000,000 Offering

Mon, 23 Nov 2009 15:58:32 GMT

Marketwire - Gowest Amalgamated Resources Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) announces that it has engaged Sandfire Securities Inc. (the "Agent") to complete a brokered private placement (the "Offering") to raise aggregate gross proceeds of up to $6,000,000 on a best efforts basis.

Power Efficiency Featured on CNBC

Mon, 23 Nov 2009 15:57:19 GMT

Business Wire - Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on efficiency technologies for electric motors, was featured in a segment on CNBC’s “Squawk Box” on Monday, November 23 at approximately 8:30 AM EST.

Obotan resource verification drilling started

Mon, 23 Nov 2009 15:14:07 GMT

CNW Group - PMI Gold Corporation (TSX.V:PMV) - the Company is pleased to announce that a 2,800 metre, 28 hole diamond drilling program has started on our Obotan area concessions in Ghana.

Typhoon Exploration: The Recent 3D Geoscientific Compilation Shows a Favourable Corridor of 2.5 Km of Length at Fayolle

Mon, 23 Nov 2009 15:00:13 GMT

Marketwire - Typhoon Exploration Inc.(TSX VENTURE:TYP) has the pleasure to reveal conclusion results of the ongoing 3D Gocad Geoscientific Compilation on the Fayolle Property.

Research and Markets: Germany Metals Report Q4 2009

Mon, 23 Nov 2009 14:57:19 GMT

Business Wire - Research and Markets (http://www.researchandmarkets.com/resea rch/3bede8/germany_metals_rep) has announced the addition of the "Germany Metals Report Q4 2009" report to their offering.

Sparton Signs Preliminary Agreement for the Evaluation of Large Vanadium Deposit in China

Mon, 23 Nov 2009 14:43:07 GMT

Marketwire - Sparton Resources Inc. (TSX VENTURE:SRI)(the "Company") is pleased to announce that its 70% controlled PRC subsidiary Yunnan Sparton New Environ-Tech Co.

Harco Metal Products Purchases State-of-the-Art Equipment

Mon, 23 Nov 2009 14:22:14 GMT

PRNewswire - Harco Metal Products (Harco), an industry leader in tube fabrication, systems integration, and seamless, cost effective manufacturing, announced today the purchase of new, advanced machinery.

Inca Pacific Appoints Andre Gauthier as President

Mon, 23 Nov 2009 14:15:13 GMT

Marketwire - Inca Pacific Resources Inc. (TSX VENTURE:IPR) announces it has appointed Andre Gauthier to the position of President.

Tiger completes acquisition of Groupe Orgaman's interest in the Kipoi Project for US$3 million

Mon, 23 Nov 2009 14:06:19 GMT

CNW Group - Tiger Resources Limited (ASX / TSX: TGS) ("the Company" or "Tiger") is pleased to announce that it has completed the acquisition of the outstanding 15% interest in Tiger Congo sprl from Groupe Orgaman for US$3 million in cash.

Donner Metals Ltd.: Expanded Winter Drill Progam Initiated at Matagami as Bracemac-McLeod Definition Drilling Proceeds Ahead of Schedule

Mon, 23 Nov 2009 14:00:42 GMT

Marketwire - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports...

Li3 Energy, Inc. Announces Its New Name and Ticker Symbol, a Forward Stock Split and Appoints Luis Saenz as CEO in Support of Its New Strategy

Mon, 23 Nov 2009 14:00:42 GMT

PRNewswire - Li3 Energy, Inc. (OTC Bulletin Board: LIEG; "Li3 Energy"), formerly known as NanoDynamics Holdings, Inc., is pleased to announce today that it has changed its name to Li3 Energy, Inc., in support of its new business focus on the lithium mining industry in North and South America.

Verbina Announces Changes to the Board

Mon, 23 Nov 2009 14:00:38 GMT

Marketwire - VERBINA RESOURCES INC. ("Verbina" or the "Company") - (TSX VENTURE:VUR) announces that, at the annual and special meeting of the Company held on November 20, 2009, Kevin Swanborough, Lucy Casacia, Richard Grayston, Blaine Schmidt and Paul Zyla were elected as directors of the Company.

Constitution Mining Closes $4,875,000 Financing

Mon, 23 Nov 2009 14:00:34 GMT

Marketwire - Constitution Mining Corp. (OTCBB:CMIN) announces the closing of a simultaneous Regulation D (USA) and Regulation S (International) financing for a combined total of US$4,875,000.

Knight Resources Ltd.: Private Placement Update

Mon, 23 Nov 2009 14:00:32 GMT

Marketwire - Further to the Company's news release dated November 11, 2009, Mr. David Patterson, Chairman of Knight...

International KRL announces change of directorship

Mon, 23 Nov 2009 14:00:28 GMT

CNW Group - International KRL Resources Corp. (TSX-V:IRK) (the "Company") announces the appointment of Ms.

Avanti Mining Inc. engages WesTLB as financial advisor for debt requirements to build its Kitsault mine

Mon, 23 Nov 2009 14:00:27 GMT

CNW Group - Avanti Mining Inc. ("Avanti") today announces it has engaged WestLB AG ("WestLB") to act as its exclusive financial advisor in connection with arranging project finance for the development of the Kitsault molybdenum mine in British Columbia.

KEMET Wins the 'Outstanding Performance Award' from Sanmina-SCI

Mon, 23 Nov 2009 14:00:20 GMT

PRNewswire - KEMET Corporation (OTC Bulletin Board: KEME), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, today announced that the Company has received the "Outstanding Performance Award" for quality and delivery throughout the year at Sanmina-SCI's Strategic Supplier Summit held on November 17, 2009, in Santa Clara, California.

Colossus Minerals Announces Earning a 75% Interest in Serra Pelada Project

Mon, 23 Nov 2009 13:52:04 GMT

Marketwire - Colossus Minerals Inc. ("Colossus" or "the Company") (TSX:CSI) is pleased to announce that, pursuant to the partnership agreement dated July 16, 2007 between Colossus and its joint venture partner, Coomigasp, as amended on December 17, 2007, April 10, 2008, and September 4, 2009, Colossus has completed its earn-in for a 75% interest in the joint venture company which operates the Serra Pelada Project.

Orezone and North Atlantic Consolidate Niger Uranium Licenses

Mon, 23 Nov 2009 13:40:26 GMT

Marketwire - Orezone Gold Corporation (TSX:ORE) and North Atlantic Resources Ltd. (TSX:NAC) are pleased to announce the signing of a definitive agreement whereby Orezone will acquire from North Atlantic three uranium exploration licenses in the Republic of Niger, West Africa.

Tournigan Discovers New Zone of High Grade Mineralization at Kuriskova

Mon, 23 Nov 2009 13:39:21 GMT

Business Wire - Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the results of two exploration drill holes which intersected high grade uranium mineralization at the Kuriskova uranium deposit in Slovakia.