Ecometals Limited announced receipt of analytical results from drill hole RZDDH10-01 and geological results from RZDDH10-03A on the Rio Zarza gold project in Ecuador. The Company plans to continue drilling in the structural pull-apart basin based on these encouraging results.
While demand for steel is rising, overproduction and surpluses have put downward pressure on the price of steel, and consequently, manganese. However, strong data shows little signs of weak demand for the metals. Is the downward trend a slowing of emerging economies or simply a price correction? Also, manganese company news, and an interesting development in manganese mining from Korea.
Baja Mining Corp. (TSX:BAJ)(OTCQX:BAJFF)(PINK SHEETS:BAJFF) reported that it has entered into a binding Letter of Intent with Louis Dreyfus Commodities Metals Suisse SA, setting out three transactions which, when completed, are expected to satisfy important parts of the financing package for the Boleo Project, (the “Project Finance Package”).
American Manganese reports on its clearance to file its final short form prospectus for its public offering. The Offering will be conducted through Pope & Company Limited (the “Agent”) to raise gross proceeds of $882,522 through the sale of 2,757,880 Units. Each Unit will consist of one common share in the capital of the Company (a “Common [...]
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