Shougang Group issues production targets for H2

It is reported that issuing its production plan for the second half of 2010, Chinese steel producer Shougang Group has stated that it intends to lower costs, expand its product mix and improve product quality, as it targets outputs of 1 million tonnes each for automotive steel pipeline steel

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PELANGIO EXPLORATION INTERSECTS 1.5 G/T OVER 61 METRES IN FIRST DRILL HOLE AT THE MANFO PROPERTY TORONTO, Ontario - (MetalsNews.com, September 7, 2010) - Pelangio Exploration Inc. (PX:TSX-V) ("Pelangio" or the "Company") is pleased to announce drill results from the first four holes totaling 621.1 metres drilled by the Company at the newly optioned Manfo Property in Ghana. Highlights of the drill results from the Nfante West area reported today Niogold And Aurizon Commence Drilling On The Marban Block Property Val-d’Or, Quebec - (MetalsNews.com, September 7, 2010) - NioGold Mining Corporation (TSX-V:NOX, Frankfurt:NG1) announced that drilling operations have commenced on the Marban Block property under the terms of the Aurizon Mines Ltd. (“Aurizon”) option agreement. A C$5.9 million program was approved for the first year of the option that includes 50,000 metres of diamond drilling. Two drill rigs were mobilised on the property on August 30 and a third drill rig will be added later in the program. NovaGold Appoints Gerry McConnell as Chairman of the Board Vancouver, British Columbia - (MetalsNews.com, September 1, 2010) - NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) today announced that Gerry McConnell has been appointed Chairman of the company's Board of Directors. Rick Van Nieuwenhuyse continues as President and Chief Executive Officer of the company and will remain on the Board as a Director. LEVON CLOSES BOUGHT DEAL AND NON-BROKERED FINANCINGS FOR GROSS PROCEEDS OF $11,100,000 Vancouer, BC -(MetalsNews.com - August, 31, 2010) - Levon Resources Ltd. (“Levon” or the “Company") announced the closing of its bought deal private placement with Canaccord Genuity Corp. (the “Underwriter”) previously announced on August 17, 2010 of 13,334,000 Units (the “Units”) at a price of CDN$0.75 per Unit for aggregate gross proceeds of CDN$10,000,500 (the “Offering”). Premier - Drilling Continues to Expand Near-Surface Gold Zones at Hardrock Vancouver, BC. - (MetalsNews.com, August 25, 2010) - PREMIER GOLD MINES LIMITED (TSX:PG) is announced that ongoing drilling continues to delineate significant near-surface gold mineralization in multiple zones at the Hardrock Project in Northwestern Ontario. Current drilling is focused on expanding and defining near-surface, open pit style, mineralization in addition to defining multiple zones of higher grade mineralization that are expected to comprise resources amenable to underground mining methods. Kaminak Gold Drill Hole CFD-28 Intersects 15.9 g/t Au over 5m Vancouver, B.C. - (MetalsNews.com, August 24, 2010) - Kaminak Gold Corporation (KAM:TSX-V) today announced assay results for drill hole CFD-28 from the Double Double Zone. This hole was drilled on the same section as CFD-27, which previously intersected 6.3 grams per tonne gold (g/t Au) over 35m (see Kaminak news release dated August 11th, 2010). Cross-section analysis aided by oriented core data suggests these two intercepts represent separate and parallel zones of mineralization that remain open in all directions.