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Mines bureau approves silica and chromite mining agreements

Mar. 3, 2010 THE Mines and Geosciences Bureau (MGB) has approved 13 new mining agreements under the minerals production sharing agreement (MPSA) in January and February 2010. An MPSA is a contract between the national government and an investor or investors that allows 40-percent ...

Diatreme Resources plans for new zircon mine in WA boosted by study

Mar. 3, 2010 Diatreme Resources Limited announced today the completion of a scoping study on its Cyclone Deposit in Eucla Basin, Western Australia. The study showed the potential for a profitable zircon mine producing about 280,000 tonnes of concentrate annually at a mining rate ...

Timminco Announces Schedule for Q4 and 2009 Earnings Release

Mar. 2nd, 2010 Timminco Limited ("Timminco")announced today it will host a conference call on Tuesday, March 16, 2010 at 5:00 pm ET to discuss its financial results for the fourth quarter and year ended December 31, 2009. Timminco will report its fourth quarter and year end 2009 ...

Perlite Canada Announces Closing of its Baie-du-Febvre Plant

Mar. 3, 2010 Perlite Canada inc. ("Perlite") announces that it is closing its perlite and vermiculite processing plant located in Baie-du-Febvre (Quebec) as of March 1st, 2010 in order to consolidate its perlite and vermiculite production to its other facilities located in ...

China Carbon Announces Signing of Letter of Intent to Acquire Chiyu Carbon Graphite Limited

NEW YORK, Mar 3, 2010 - China Carbon Graphite Group, Inc. ("China Carbon" or the "Company"), one of China's leading non-state-owned producers and wholesale suppliers of fine grain and high purity graphite, announced today that it has entered into a Letter of Intent to acquire 100...

Rio Tinto ups stake in Mongolian JV to 22.4 per cent

Mar. 2, 2010 Anglo-Australian miner Rio Tinto Limited said it will acquire additional 15 million shares, or 2.7 per cent more in Canada's Ivanhoe Mines Ltd, increasing its stake to 98.6 million shares or 22.4 per cent. In a statement to the Australian Stock Exchange, Rio Tinto ...

US Commerce Sets Antidumping Duties On China & Mexico MgO-C Bricks

Mar. 5th, 2010 The U.S. Commerce Department announced a preliminary decision Thursday to impose antidumping duties against imports of magnesia carbon brick from China and Mexico. Commerce determined that the brick, used in furnaces primarily for the production of iron and steel, ...

Magnesita sees loss in 2009, posts profits in Q4

Mar. 5, 2010 Brazilian refractory brick producer Magnesita posted a net loss 29.7mn reais (US$16.7mn) in 2009 versus a net loss of 62.7mn reais in the previous year, according to the company's annual results. In Q4, Magnesita posted net earnings of 20.1mn reais versus a 132mn...

IMERYS Announces Price Increases on Select Products

Mar. 5, 2010 Imerys Performance Minerals North America announces product line specific price increases across their mineral portfolio, subject to any provisions in individual contracts. The increase includes calcium carbonate (6%) and kaolin (8%) products and is effective April 5...

Canada Fluorspar Inc. Closes Private Placement

March 9th, 2010 Canada Fluorspar Inc. (the "Company"), a specialty mineral resource company engaged in the development and production of fluorspar deposits, is pleased to announce that it has closed the previously announced private placement financing resulting in aggregate gross ...

Northern Graphite completes financing for graphite deposit

Mar. 8th, 2010 Industrial Minerals Inc. announces that its wholly-owned subsidiary, Northern Graphite Corporation ("Northern" or the "Company"), formerly Industrial Minerals Canada Inc., has completed a non-brokered private placement financing. Gross proceeds were C$1.475 million...

China Gengsheng to Attend March 2010 Investor Conferences

GONGYI, China, March 8 - China Gengsheng Minerals, Inc. ("Gengsheng" or the "Company"), a high-tech industrial materials products company in China with products capable of withstanding high temperatures, saving energy and boosting productivity in certain industries such as steel ...

Matilda Zircon nails funding from Tricoastal Minerals

Mar. 8, 2010 Mineral sands concentrate developer Matilda Zircon has finalised a US$2.5 million funding package with Hong Kong based mineral sands processor and distributor Tricoastal Minerals (Holdings) Company Limited. The funding, which is a combination of debt and equity, will ...

Kenmare Resources to raise 179m in placing

March 10th, 2010 Kenmare Resources has announced that it plans to raise 179m sterling through a share placing of almost 1.5 billion shares at 12 pence each. The company says the funds raised will be used to increase capacity at its mine at Moma in Mozambique. The firm says this ...

Czech refractories seen lower sales and export in 2009

Mar. 10th, 2010 Sales of building materials' producers with 50+ employees in the Czech Republic decreased by 5.1 percent to Kc72.738bn last year and workforce was cut by 9.6 percent to 26,792, as is learned from the Industry and Trade Ministry website. The biggest fall in sales ...

Global Specialty eyes acquisitions

March 10th, 2010 Global Specialty Metals Inc, one of the world's largest silicon metal producers, wants to use its cash to buy businesses, and is looking to China to help fuel growth, its top executive said on Tuesday. "We built up cash on our balance sheet. We have about $230 ...

SMS Siemag commissions 2 submerged silicon metal arc furnaces

Mar. 10, 2010 SMS Siemag announced that it has successfully commissioned two submerged arc furnaces at China Bluestar International Chemical Co Limited. In mid 2009, SMS Siemag had been awarded the contract for the supply of the submerged arc furnaces for the production of ...

Rio Tinto resumes sale of talc business

Mar. 11th, 2010 Rio Tinto, the world's third-largest miner, said it has restarted the process of selling its talc business and has received interest from a range of parties, including private equity groups. "We are continuing to explore opportunities to sell the talc business," ...

Oaktree to take control of DIC's Almatis

March 12th, 2010 It is believed that Oaktree Capital Partners is taking control of alumina maker Almatis, a portfolio company of Dubai International Capital (DIC) in a debt-for-equity swap that will reduce the company's 667m debt load. A few months ago, Oaktree and DIC were ...

Whitemud Resources Announces MoU for the Distribution of Whitemud

Mar. 11th, 2010 Whitemud Resources Inc. ("Whitemud" or the "Company") is pleased to announce the completion of a Memorandum of Understanding (MoU) to enter into a North American Distribution Agreement with a key supplier to the concrete industry. The terms of the MoU outline the ...
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