Day: February 4, 2016

ArcelorMittal Said to Plan 3 Billion Euro Capital Increase

Shares in ArcelorMittal — the world’s largest steelmaker, supplying New York’s One World Trade Center and London’s Wembley stadium — have dropped 58 percent in the last 12 months. They’ve been hit by declining prices for steel as China pushes it onto the world market at record levels to counter its slowing economy. Prices for the iron ore ArcelorMittal mines have also dropped as demand for the steel-making material fell and supplies from exporters expanded.

VVC Exploration Provides Samalayuca Zoning Update

VVC Exploration Corporation announces that the court proceedings, described below, in Juarez Mexico may at some point impact the zoning of the Company’s Samalayuca Copper project in the State of Chihuahua, Mexico:

DynaResource, Inc. Appoints Mr. Rene L. F. Mladosich as General Manager of the San Jose de Gracia Project

Mr. Mladosich brings over 30 years of direct experience in the mining industry in México to DynaResource. He has worked for Companies such as: Compania Mineras de Cananea, Compania Minera Hecla (Hecla Mining), Compania Minera Pangea (now owed by McEwen Mining), Compania Minera Dolores (Minefinders), Minera Alamos de Sonora, and Compania Minera Pena de Bernal (Starcore International Mines). Mr. Mladosich has also provided consulting services to companies such as Minefinders, Pan American Silver and Scorpio.

Americas Silver Corporation Announces 2015 Production and Costs, 2016 Guidance and U.S. $2.9 Million Credit Facility

“Our strategic focus for the last several years has been to lower operating costs and improve productivity at both of our operating mines while transitioning the Galena Complex from silver-copper to silver-lead production,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “We also made substantial capital investments over the last two years, which will allow us to increase our silver-lead resource to a level that should maintain current production rates at Galena for the next 7-9 years. In addition, we had another steady year at the Cosalá Operations and despite falling prices have once again extended the mine life at Neustra Señora. Management will continue to make the changes necessary to respond to the reduction in metal prices.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.