Yahoo! Canada Finance: Steel & Iron Industry News

Adroit Closes $333,784 Private Placement

Tue, 24 Nov 2009 19:10:27 GMT

Marketwire - Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) is pleased to announce that it has completed the private placement which was announced on June 24th, 2009 and November 13th, 2009, selling 5,563,067 units at the price of $0.06 per unit to raise gross proceeds of $333,784.

Golden Goose Resources Inc. reports its 2009 third quarter results

Tue, 24 Nov 2009 19:00:22 GMT

CNW Group - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report its unaudited interim financial statements for the third quarter ended September 30, 2009 with comparative figures for 2008.

Midlands Commences Drill Preparation For More Gold on Sian and Praso-Ghana

Tue, 24 Nov 2009 18:48:20 GMT

Marketwire - Midlands Minerals Corporation (TSX VENTURE:MEX) ("Midlands" or the "Company") is pleased to announce that following the closing of the first tranche of financing, preparations are now well underway for the next drilling program on the Sian Gold project in Ghana. "We have received very timely responses from drilling companies and we expect to announce the signing of a drilling contract shortly," said Kim Harris, President and Chief Executive Officer.

Novus Energy Inc. announces closing of previously announced financing by way of private placement

Tue, 24 Nov 2009 18:46:01 GMT

CNW Group - Novus Energy Inc. ("Novus" or the "Corporation") is pleased to announce that it has closed its previously announced financing by way of an "underwritten" private placement of 46,200,000 subscription receipts (the "Subscription Receipts") at a price of $0.65 per Subscription Receipt for aggregate gross proceeds of $30,030,000 (the "Private Placement").

Starfire Minerals Inc. - News Release

Tue, 24 Nov 2009 18:43:41 GMT

CNW Group - Management of Starfire Minerals Inc. (the "Company") is pleased to report that it has completed its review of the results from the Titan DCIP (Direct Current Induced Polarization) survey conducted by Quantec Geoscience Ltd. on the PP Zone of the Company's Porphyry Pearl Copper-Gold Property in the Toodoggone Mining District, British Columbia.

Helio Continues to Intersect Wide Zones of Gold Mineralisation at the Porcupine Target - SMP Gold Project, Tanzania

Tue, 24 Nov 2009 18:28:50 GMT

CNW Group - Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to provide the latest results from diamond drilling at the Porcupine Target, and results from a reconnaissance reverse circulation ("RC") drill programme conducted along the Porcupine-Gap structural corridor at the SMP gold project in the Lupa Goldfields, SW Tanzania.

Bayfield Ventures Corp.: Final Option Payment for Block "B" Mineral Claim, Rainy River District, NW Ontario

Tue, 24 Nov 2009 18:19:11 GMT

Marketwire - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that pursuant to the terms of a Property Option Agreement (the "Agreement") dated November 30, 2006, it has made its final option payment under the Agreement by issuing a total of 40,000 common shares and paid the sum of $40,000 to Helen Pattison (as to 50%), Reino Huitika (as to 25%) and Alex Kereliuk (Estate) (as to 25%).

Agrifirma Agrees to Fund Trials of Amazon Mining's ThermoPotash Fertilizer

Tue, 24 Nov 2009 18:13:00 GMT

Marketwire - Amazon Mining Holding Plc (TSX VENTURE:AMZ)("Amazon" or the "Company"), is pleased to announce that the Company has entered into an agreement with Agrifirma Brazil, a United Kingdom based farmland operator and developer, to fund agronomic tests using Amazon Mining's proposed ThermoPotash product, derived from the Cerrado Verde project, Cerrado Verde is a source of potash rich rock from which Amazon plans to produce a slow-release, non- chloride, multi-nutrient, fertilizer product.

AK Tube's Columbus Plant Re-Certified In VPP Safety Program

Tue, 24 Nov 2009 17:55:04 GMT

PRNewswire - The Columbus, Indiana plant of AK Tube LLC, a subsidiary of AK Steel (NYSE: AKS), has been re-certified as a Star site in the Indiana Department of Labor's Voluntary Protection Program (VPP).

Investments in Quebec's mines to fall in 2009 after record $2 billion last year

Tue, 24 Nov 2009 17:54:00 GMT

The Canadian Press - MONTREAL - Investments in Quebec's mining sector are expected to fall sharply this year after hitting a record of more than $2 billion in 2008, the province's statistics agency said Tuesday.

Paget Minerals Acquires Mt. Bisson Rare Earth Property, B.C.

Tue, 24 Nov 2009 17:38:30 GMT

Marketwire - Paget Minerals Corp. ("Paget") (TSX VENTURE:PGS), today announced the acquisition of a 100% interest in 22 claims from Pembrook Mining Corp. ("Pembrook") covering 9,096 hectares located in the Omineca Mining Division, British Columbia, known as the Mt.

Alix Provides Corporate Update Plus Announces Flow-Through Financing

Tue, 24 Nov 2009 17:29:49 GMT

Marketwire - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) is pleased to provide the following corporate update with regards to its various projects.

Beaufield Surveys for SEDEX in Labrador Trough, Stakes More Claims

Tue, 24 Nov 2009 17:24:36 GMT

Marketwire - Beaufield Resources Inc. (TSX VENTURE:BFD) has recently completed a 960 line kilometre airborne survey of its Lab- Schefferville project located within the Labrador Trough approximately 40 kilometres northwest of Schefferville Quebec.

Nebu Quadruples Land Position at North Denton

Tue, 24 Nov 2009 17:11:41 GMT

Marketwire - Nebu Resources Inc. (the "Company") (TSX VENTURE:NBU) is pleased to announce the acquisition of a strategic land position adjacent to the Denton North Property where the Company's exploration program is presently ongoing.

Adriana Announces Management and Board Changes

Tue, 24 Nov 2009 17:00:48 GMT

Marketwire - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI) announces that Michael Beley, the Company's Chairman of the Board, and Richard Barclay, the Company's Chief Financial Officer and also a director of the Company, have resigned effective immediately.

Kronos Worldwide, Inc. Announces a Price Increase for All Titanium Dioxide Products Sold Outside of North America and Europe

Tue, 24 Nov 2009 17:00:20 GMT

PRNewswire - Kronos Worldwide, Inc. (NYSE: KRO) today announced a price increase for all titanium dioxide grades sold outside of North America and Europe, including among other areas, Asia Pacific, Latin America, Middle East, Africa and Asia.

Orsu Metals Completes Share Consolidation

Tue, 24 Nov 2009 16:57:28 GMT

Marketwire - Orsu Metals Corporation (the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces that further to the announcement made on 12 November 2009, it has completed a consolidation of the Company's common shares on a ten for one basis (the "Consolidation") effective 24 November 2009.

Manson Creek Closes Non-Brokered Financing

Tue, 24 Nov 2009 16:50:44 GMT

Marketwire - Manson Creek Resources Ltd. (TSX VENTURE:MCK) is pleased to announce that it has closed a non-brokered private placement for 5,000,000 units ("Common Units") at a price of $0.05 per Common Unit and for 1,666,666 Flow-through Units ("FT Units") at a price of $0.06 per FT Unit for total gross proceeds of $350,000.

BOWMORE Exploration Update- Drilling to Begin at Santa Elvira

Tue, 24 Nov 2009 16:31:49 GMT

Marketwire - BOWMORE Exploration Ltd. (TSX VENTURE:BOW) ("The Company") is pleased to provide this update of exploration activities on the Santa Elvira gold-copper skarn property, located in Chihuahua State, Mexico.

PicksThatMove.com Announces Investment Opinion on Lundin Mining Corporation, Medtronic Inc., Origin Agritech Limited, NovaGold Resources Inc. and Mass

Tue, 24 Nov 2009 16:26:24 GMT

Business Wire - PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation.

CEO Clips to profile Mantis Mineral Corp. on BNN

Tue, 24 Nov 2009 16:19:15 GMT

CNW Group - Mantis Mineral Corp ('Mantis'--CNSX 'MYN') is pleased to announce CEO Clips, a series of 1-2 minute corporate profiles on Canadian companies, will feature Mantis on BNN Nov 23-29, Dec 7-13, Jan 11-17 and Jan 18-24.

GE Oil & Gas Powers Worlds First Offshore Gravity-Based LNG Terminal

Tue, 24 Nov 2009 16:08:15 GMT

Business Wire - In a pioneering application for the global liquid natural gas (LNG) industry, GE Oil & Gas technology is powering the world’s first gravity-based offshore LNG terminal located 17 kilometers offshore from the town of Rovigo, near Venice, on Italy’s north east coast.

CORRECTION FROM SOURCE: Aluminerie Alouette Injects $1 Million in Orbite's Experimental Pilot Plant

Tue, 24 Nov 2009 16:03:29 GMT

Marketwire - A correction from source is issued with respect to the press release issued on Nov. 24, 2009 at 7:15 am ET.

Riverstone Resources Inc.: Karma Drilling Extends Goulagou and Rambo Gold Deposits

Tue, 24 Nov 2009 15:58:51 GMT

Marketwire - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce additional results from the Rotary Air Blast (RAB) drill program recently completed on the Company's Karma gold project in Burkina Faso, West Africa.

Maya Gold & Silver Inc.: High Grade Drill Intersections on Amizmiz Gold and Silver Project in Morocco

Tue, 24 Nov 2009 15:49:04 GMT

Marketwire - MAYA GOLD & SILVER (TSX VENTURE:MYA) is pleased to announce the Company's first drilling results on its Amizmiz gold and silver project in Morocco.

Orebodies Increases Lithium/Rare Metals Land Position

Tue, 24 Nov 2009 15:45:08 GMT

Marketwire - Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") is pleased to announce that it is has increased its land position by way of staking in the Crescent Lake area, which is in the general area of Orebodies Falcon and Despard Lithium/Rare Metals properties.

Southern Silver Announces Private Placement and Two Drill Programs

Tue, 24 Nov 2009 15:30:07 GMT

Marketwire - Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) (the "Company") reported today that it plans to issue up to 15 million common shares in a non-brokered unit private placement at a price of C$0.10 per unit to raise C$1,500,000.

Temex discovers high grade gold on Latchford Gold Project 112.29 g/t and 49.75 g/t gold

Tue, 24 Nov 2009 15:02:51 GMT

CNW Group - Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces the discovery of a number of new gold occurrences, including high grade results of 112.29 g/t and 49.75 g/t gold on the Latchford Gold Project ("LGP") located in northeastern Ontario.

Altai Updates on Its Malartic Township Gold Property, Val d'Or Area, Quebec

Tue, 24 Nov 2009 15:00:01 GMT

Marketwire - Altai Resources Inc. (TSX VENTURE:ATI) (US Sec. Rule 12g3-2(b) File # 82-2950) ("Altai" and the "Company")...

Research and Markets: Spain Metals Report Q4 2009

Tue, 24 Nov 2009 14:45:55 GMT

Business Wire - Research and Markets (http://www.researchandmarkets.com/resea rch/1df64e/spain_metals_repor) has announced the addition of the "Spain Metals Report Q4 2009" report to their offering.

Apollo Solar Energy, Inc. Announces $9,000,000 Private Placement

Tue, 24 Nov 2009 14:45:28 GMT

PRNewswire - Apollo Solar Energy, Inc., (OTC Bulletin Board: ASOE; "Apollo Solar Energy" or "the Company"), a leading vertically integrated miner and refiner of tellurium (Te) and high-purity tellurium based metals for specific segments of the global electronic materials market, today announced that it has entered into a definitive agreement for the private placement of securities to certain accredited investors, which is expected to result in aggregate gross proceeds to the Company of $9,000,000 at the closing, before payment of placement agent commissions and other offering expenses.

Mirasol reports highest grade silver yet from the La Negra zone at Joaquin with 25.4 metres of 1,164 g/t silver

Tue, 24 Nov 2009 14:45:16 GMT

CNW Group - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce partial results from the third phase of drilling from the La Negra zone at Mirasol's Joaquin Project.

Galahad Metals Inc-Gold Data Received for Regcourt Gold Deposit: Historic Ore Zone Remains Open at Depth

Tue, 24 Nov 2009 14:45:12 GMT

Marketwire - Galahad Metals Inc (TSX VENTURE:GAX) is pleased to report rapid progress in assessing its newly acquired Quebec gold project in the highly prospective Abitibi Greenstone Belt.

Independent metallurgical tests of LIM's James deposit show positive results

Tue, 24 Nov 2009 14:40:36 GMT

CNW Group - Labrador Iron Mines Holdings Limited (TSX: LIM) announces that it has received results of chemical, physical and metallurgical testing of its James South lump and sinter fines ore which showed excellent metallurgical characteristics that should be attractive to steel mills.

Metanor Resources Inc. Announces a Private Placement

Tue, 24 Nov 2009 14:32:24 GMT

Marketwire - Metanor Resources Inc. ("Metanor" or the "Company") (TSX VENTURE:MTO) announces that it has signed an engagement letter with Laurentian Bank Securities Inc. (the "Agent") to complete a private placement for a gross proceeds of $4.0 million (the "Offering").

Inspiration Mining Corporation: Exploration Commences for Moly & Rare Earths on Desrosiers Property-Drilling Begins

Tue, 24 Nov 2009 14:30:12 GMT

Marketwire - Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM) (FRANKFURT:OI8) is pleased to provide an update with respect to its exploration program on the Corporation's 100% owned property located at Desrosiers Township.

UC Resources Vests With 40% Interest in Option Agreement, Continues Drilling at McFaulds Lake Project

Tue, 24 Nov 2009 14:30:04 GMT

Marketwire - UC Resources Ltd. ("UC" or "the Company") (TSX VENTURE:UC) is pleased to provide the following corporate update regarding the McFaulds Lake properties in the James Bay Lowlands region of northern Ontario, the properties form part of the "Ring of Fire" exploration play.

Vulcan Minerals Inc.-Red Brook #2 Reaches Total Depth-Prepares for Evaluation

Tue, 24 Nov 2009 14:26:20 GMT

Marketwire - Vulcan Minerals Inc. ("the Company")(TSX VENTURE:VUL) is pleased to report that the Vulcan-Investcan Red Brook #2 well, onshore western Newfoundland, has been drilled to a total final depth of 1965 metres.

Crew Gold Corporation: Results from Bondholders' Meetings

Tue, 24 Nov 2009 14:25:38 GMT

Marketwire - Reference is made to the announcements of Crew Gold Corporation ("Crew" or "the Company") (TSX:CRU) (OSLO:CRU) on October 28, 2009 and November 16, 2009 regarding the proposed debt-for-equity restructuring (the "Restructuring").

Gulf Petrochemicals & Chemicals Association (GPCA) to address Sustainability at the Fourth Annual GPCA Forum

Tue, 24 Nov 2009 14:24:29 GMT

Business Wire - For the first time, the Fourth Annual GPCA Forum will dedicate an entire afternoon to sustainable practices and tools to drive sustainability. The breakout session, titled Pursuing Sustainability in the Chemical Industry, will address the necessity of sustainability in the chemical industry as a problem solver to society and of implementing sustainable development as part of a company’s long-term growth strategy.

Inter-Citic Releases Third Set of Drill Hole Results From Dachang Gold Project

Tue, 24 Nov 2009 14:16:37 GMT

Marketwire - Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report new results received from the Company's 2009 diamond drill program at its Dachang Gold Project in China.

Nevada Gold Holdings Inc. Appoints David Rector as New CEO and President

Tue, 24 Nov 2009 14:14:49 GMT

Business Wire - Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, announced today the appointment of David Rector as Chief Executive Officer and President of the Company, taking over from Dave Mathewson, who will continue to stay on as Director and Chief Geologist for the Company.

Bear Creek's over-allotment option exercised in full from recent equity financing

Tue, 24 Nov 2009 14:14:33 GMT

CNW Group - Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the "Company") is pleased to announce that the syndicate of underwriters led by Canaccord Capital Corporation and including Haywood Securities Inc., Paradigm Capital Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc. and Cormark Securities Inc. (the "Syndicate") has exercised the over-allotment option (the "Option") granted to them in connection with the equity financing of Bear Creek that closed on November 4, 2009.

UEX Announces Western Athabasca Budgets Totaling $12.3 Million for 2010 and Commissions National Instrument 43-101 Compliant Resource Estimate for

Tue, 24 Nov 2009 14:10:32 GMT

CNW Group - UEX Corporation ("UEX") is pleased to announce 2010 approved Western Athabasca annual budgets.

Network's recent program at La Blanca reveals three gold zones

Tue, 24 Nov 2009 14:05:30 GMT

CNW Group - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that the recently completed underground program at the La Blanca gold zone on its Caldera property has revealed the existence of three distinct gold zones with grades of up to 5.01 g/t Au over four metres, 4.55 g/t Au over 14 metres, and 2.45 g/t Au over 18 metres.

Rare Element Acquires Eden Lake REE Project

Tue, 24 Nov 2009 14:01:28 GMT

PRNewswire - Rare Element Resources Ltd. (TSX-V: RES) ("Rare Element" or the "Company") has now signed the definitive agreement with VMS Ventures Inc. ("VMS") to acquire the Eden Lake REE project in Manitoba, Canada.

True North Gems Confirms Significant Rare Earth Element and Niobium Mineralization at True Blue Gem Aquamarine Property, Yukon

Tue, 24 Nov 2009 14:01:00 GMT

Marketwire - True North Gems (TSX VENTURE:TGX) is pleased to announce the completion of field work and receipt of analytical results for the company's 100% owned True Blue aquamarine property in the Yukon.

VMS Finalizes the Sale of the Eden Lake REE Project to Rare Element Resources Ltd.

Tue, 24 Nov 2009 14:00:55 GMT

Marketwire - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that Rare Element Resources (TSX VENTURE:RES) ("Rare Element") has now signed the definitive agreement with VMS to acquire the Eden Lake REE project in Manitoba, Canada.

Cypress Development Arranges Flow-Through Private Placement

Tue, 24 Nov 2009 14:00:52 GMT

Marketwire - Cypress Development Corp. (TSX VENTURE:CYP) announce that it has arranged a non-brokered private placement to raise up to $750,000 by the issuance of 5,000,000 flow-through units at a price of $0.15 per unit.

Kimberlite sampling recommences at Metalex's T1 Diamond Project, James Bay, Ontario

Tue, 24 Nov 2009 14:00:28 GMT

CNW Group - Metalex Ventures Ltd. (TSXV: MTX) is pleased to report that five delineation core holes have been completed and large diameter (22.25) cm reverse circulation ("RC") drilling has recommenced on its T1 kimberlite project in the James Bay Lowlands, Ontario.

Cartier Stakes New High Potential Gold Property

Tue, 24 Nov 2009 13:51:58 GMT

Marketwire - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce that it has acquired by staking a new high profile gold property.

Resignation of Chief Financial Officer and Director

Tue, 24 Nov 2009 13:33:43 GMT

CNW Group - Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV:ARQ; NYSE Amex:ANO; JSE:ARQ) announces that the board of Anooraq (the "board") has received and accepted the resignation of Mr.

Teuton Options Red Chris Area Claims

Tue, 24 Nov 2009 13:31:03 GMT

Marketwire - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE) is pleased to announce that it has optioned a 100% interest in three strategic claims in the Red Chris area of northwestern British Columbia.

American Creek completes Ironmist drill program

Tue, 24 Nov 2009 13:30:22 GMT

CNW Group - American Creek Resources Ltd. (the "Corporation") is pleased to report that it has successfully completed the phase I drill program at the Ironmist Project located in south-central British Columbia, approximately 60 km north of Kamloops.

Commerce Resources Corp. Reports Updated Resource Estimate for Upper Fir Tantalum and Niobium Deposit, Blue River BC

Tue, 24 Nov 2009 13:30:22 GMT

CNW Group - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company") is pleased to report the results of an updated independent resource estimate for its Upper Fir deposit at the Blue River Project, British Columbia.