Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
TORONTO, ONTARIO–(Marketwire – Sept. 19, 2011) –
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Century Iron Mines Corporation (“Century Iron” or the “Company“) (TSX:FER) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange at the opening of trading today under the current symbol “FER”. Concurrently with the listing on the TSX, the Company’s shares will no longer trade and will be delisted from the TSX Venture Exchange.
Mr. Sandy Chim, President and Chief Executive Officer of the Company, stated that “We are very pleased to have graduated to the premier Canadian exchange, another significant milestone in the development of our Company. We have been served well by our listing on the TSX Venture Exchange through its Capital Pool Company program. Listing on the TSX will provide Century Iron with greater market visibility and increased access to capital to advance the Company towards its vision to be a major player in the Canadian iron ore industry. We look forward to continuing the growth of our business on the Toronto Stock Exchange.”
About Century Iron
Century Iron, an emerging iron ore exploration and development company, has promising iron ore assets located in Northern Quebec and Labrador and is firmly entrenched in Western Quebec and in the prolific iron ore producing region of the Labrador Trough. The Company has two key strategic partners in WISCO International Resources Development & Investment Limited and Minmetals Exploration & Development (Luxembourg) Limited S.à r.l, both state-owned Chinese companies with the financial and technical resources to assist the Company with funding and technical expertise for the exploration and development of its iron ore projects.
The Company has interests in the following mineral exploration projects located in Quebec and Newfoundland and Labrador:
The Company’s objective is to enhance shareholder value through the development of iron ore projects in Canada and to become a Canadian iron ore producer.
Century Iron’s website is: www.centuryiron.com.
Forward-Looking Information
This press release contains statements that may be deemed “forward-looking statements” and information that is based on the beliefs of management and reflective of the Company’s current expectations. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should”, and variations thereof. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Century Iron’s actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements in this press release include statements regarding proposed business plans for Century Iron and its intentions to become an iron ore producer. The forward-looking statements are based on reasonable assumptions, including assumptions related to results of the Company’s exploration activities and financing requirements. Factors that may cause results to vary from those anticipated include the risks that mineralization results are not as estimated, financing may not be available as anticipated, cost of production will be higher than anticipated, and that there are fluctuations in capital markets. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. Although the Company believes the expectations expressed in the forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
