Day: February 4, 2016

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 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:

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.

“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.”