News: Metal & Minerals

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Northland Halts Operations After Decision by the Trustee to Accelerate and Enfor...

5/24/2013 12:22 PM EST  -   Northland Resources SA
Luxemburg, May 24, 2013 – Northland Resources S.A. (OSE: NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo – together with its subsidiaries, “Northland” or “the Company”) announces that Norsk Tillitsman, the (“Trustee”), acting on behalf of the bondholders of the USD 370 million senior secured bond (“the Bondholders”) has today decided to enforce on bank account pledges leaving the Company without access to its own...

Northland Withdraws Bond Offering and Will Establish a New Short Term Facility

5/24/2013 2:56 AM EST  -   Northland Resources SA
Luxemburg, May 24, 2013 – Northland Resources S.A. (OSE: NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo – together with its subsidiaries, “Northland” or “the Company”) announces that the previously announced bond offering was not fully subscribed and consequently the Company withdraws the offer. The Company has received support for a new short bridge facility to enable sufficient time for an intended long term...

Northland Extends the Bond Offering

5/23/2013 2:57 AM EST  -   Northland Resources SA
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PRESS RELEASE. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Luxembourg, May 23, 2013 –...

The Board recommends all shareholders in Höganäs to accept the revised offer fro...

5/22/2013 2:10 AM EST  -   Höganäs
The Board of Höganäs recommends all shareholders in Höganäs to accept the revised offer from H Intressenter of SEK 325 per share in the company
Background

On 11 February 2013 H Intressenter announced a public offer to the shareholders of Höganäs to sell their shares in Höganäs to H Intressenter (the “Offer”). Adjusted for the dividend from Höganäs of SEK 10 per share H Intressenter offered SEK 310 in cash per...

Northland Relaunches Bond on Revised Terms

5/20/2013 6:31 AM EST  -   Northland Resources SA
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.  OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PRESS RELEASE. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Luxembourg, May 20, 2013 –...

SEK 212 million energy tax liability for Boliden

5/17/2013 10:54 AM EST  -   Boliden
As previously announced by Boliden (11 Feb. 2013), the Swedish Tax Agency had stated, after a preliminary review, that it intended to impose an energy tax liability of SEK 212 million, plus interest, on Boliden for the improper use of dyed diesel at the Aitik mine during the period from April 2009 to October 2012. On 10 May 2013, the Swedish Tax Agency announced its decision to impose a liability in accordance with...

Mining concession granted for the Grängesberg iron ore mine

5/15/2013 4:05 PM EST  -   Grängesberg Iron
The Swedish Mining Inspectorate has granted Grängesberg Iron AB a mining concession for the iron ore mine in Grängesberg, in the mineral-rich Bergslagen district of central Sweden. The granted mining concession is an important milestone on the road towards re-opening the historic Grängesberg iron ore mine.
“The decision by the Chief Mine Inspector of Sweden is a big step towards re-opening one of Sweden’s...

AGM of Northland Resources S.A. Votes in Favor of All Resolutions

5/15/2013 1:03 PM EST  -   Northland Resources SA
Luxembourg, May 15, 2013 – Northland Resources S.A. (OSE: NAUR, Frankfurt: NPK, Nasdaq OMX/First North: NAURo – together with its subsidiaries “Northland”, or the “Company”) announces that its Annual General Meeting (“AGM”) was held on Wednesday May 15, 2013 in Luxembourg.

At the AGM, all resolutions were approved by the shareholders. Matti Kinnunen, Tuomo Makela, Stuart Pettifor, Carl-Michael Raihle and Birger...

Endomines and Cove Resources have agreed to extend Longstop Date for sale of Kal...

5/15/2013 11:35 AM EST  -   Endomines AB
Endomines AB (“Endomines”) and Cove Resources Ltd (“Cove”) have agreed to vary the Longstop Date under the Share Purchase Agreement dated 5 July 2012, as amended by the Deed of Variation dated 12 April 2013, between Endomines and Cove relating to the sale and purchase of 100% of the issued share capital of Kalvinit Oy (“Share Purchase Agreement”). The Share Purchase Agreement is to be varied so the Longstop Date is...

Northland Extends the Subscription Period for the Bond Offering

5/15/2013 2:33 AM EST  -   Northland Resources SA
Luxembourg, May 15, 2013 – Northland Resources S.A. (OSE: NAUR, Frankfurt: NPK, Nasdaq OMX/First North: NAURo – together with its subsidiaries “Northland”, or the “Company”) announces that it will extend the subscription period for its USD 362 million bond offering.

Northland announced in a press release dated May 7, 2013, that it had launched a USD 362 million senior secured bond offering, which was expected to be...