Iron – Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) reported that all motions for approval at its 2013 Annual General Meeting were passed, including re-election of directors and an amendment to the Articles of the Company which implements a requirement for advance notice in connection with the nomination of individuals for election as director of the Company.
Coal – Investors nervously watched this week to see if coal producers would be weighed down by bad weather and higher taxes.
Coal – Cardero Resource Corp. (TSX:CDU) announced that it has extended its deadline to exercise the option to acquire shares of a private company. The private company holds four licenses that form part of the Carbon Creek Metallurgical Coal Project.
Coal – Japan is joining Asia’s battle for coal resources. Who will benefit from the rush for new supply?
Coal – The US is pushing to block coal exports as Japan and India compete for supply.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) thru its subsidiary, Cardero Coal Ltd., has signed a non-binding letter of intent with Conifex Timber Inc. on a proposed lease of land located within the Industrial Zone at Mackenzie, BC.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) signed a letter of intent with Canadian Forest Products Ltd. for the MV Williston Transporter to transport metallurgical coal from Carbon Creek to the railhead at Mackenzie, BC in 2014. Under the LOI, the Companies will enter into two definitive agreements, being a Charter Party relating to the MV Williston Transporter and a Timber Harvesting Agreement relating to mine site logging before mine construction.
Iron – Cardero Resource Corp. (TSX:CDU,NYSE:CDY,AMEX:CDY,FWB:CR5) announced the resignation of Michael Hunter as the Chief Executive Officer, President, and Director of the Company. His resignation is effective as of March 19, 2013. Hendrik van Alphen was appointed as the new Chief Executive Officer and President of the Company.
Coal – Can import-hungry India pass China as the world's largest coal consumer?
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