Mining Briefing: Consulting, Exploration & Mining Companies in the news - CD International Enterprises, Allied Nevada, Alcoa,

 Mining Briefing: Consulting, Exploration & Mining Companies in the news - CD
International Enterprises, Allied Nevada, Alcoa, Newmont Mining, Armco Metals

PR Newswire

CORAL SPRINGS, Florida, October 8, 2013

CORAL SPRINGS, Florida, October 8, 2013 /PRNewswire/ --

Market news updates for today's active exploration / services / mining
companies: CD International Enterprises, Inc. (OTCQB: CDII), Allied Nevada
Gold Corp. (NYSE: ANV), Alcoa (NYSE: AA), Newmont Mining Corporation (NYSE:
NEM) and Armco Metals Holdings, Inc. (NYSE: AMCO).

CD International Enterprises, Inc. (OTCQB: CDII) Headline: Minera MAPSA
Completes Transfer of 178,000 Acres of Mining Concessions in Peru to CD
International Enterprises Subsidiary. Initial geological studies indicate
potential for large deposits of iron ore. CD International Enterprises, a
U.S. based company that produces, sources, and distributes industrial
commodities in China and the Americas and provides business and financial
corporate consulting services, today announced that Minera MAPSA S.A.
("MAPSA"), a Peruvian mining and exploration company, has completed the formal
transfer of title of all mining concessions for 178,000 acres of mining
properties in southern Peru to CDII Minerales Peru SAC. ("CDII Peru"). With
the completion of this transfer CD International's wholly owned subsidiary
CDII Minerals and MAPSA each now own a 50% interest in CDII Peru. The
property is divided into three project sites with the largest being the SAMA
site, spanning approximately 128,000 acres.. 

To read the entire press release, please go
tohttp://www.fnmprofiles.com/profiles-cdii.html

Beginning in April 2013, the parties began conducting initial independent
geological studies on a 1728 acre section of the SAMA site to determine the
potential for iron ore deposits. Magnetic susceptibility tests, geological
and geomagnetic research, as well as sampling and chemical analysis testing
were conducted. The site samples were examined and tested by Certimin S.A. in
Peru. The study estimated that these 1728 acres contain approximately 14
million metric tons of iron deposits. The chemical analysis of the samples
revealed average iron content of 47% to 50% magnetite. While a significant
amount of further geological studies remain to fully verify the iron reserves
contained in the mining site, these preliminary findings point to vast
potential iron deposits at SAMA. Both CD International and MAPSA are
committed to forwarding this project and are in various stages of negotiations
with potential partners in China to exploit the enormous potential of these
mining properties.

Allied Nevada Gold Corp. (NYSE:ANV) is pleased to announce that it has
achieved its metal production and sales expectations in the third quarter of
2013. The Hycroft mine ("Hycroft") produced a record 52,198 ounces of gold and
184,070 ounces of silver in the third quarter of 2013 and we sold a record
52,713 ounces of gold and 184,082 ounces of silver. We believe that we are on
track to achieve full year production and sales guidance of 175,000 - 200,000
ounces of gold and 0.9 million - 1.1 million ounces of silver in 2013. ANV
closed up over 26% on Monday (10/7/13) at $4.85 on 15.7 Million shares traded
by market close.

Alcoa (NYSE: AA) will hold a conference call Today, Tuesday, October 8, 2013
beginning at 5:00 p.m. (Eastern Time) to discuss Third Quarter 2013 results
and business developments. The conference call will be webcast live via
Alcoa's website, with presentation materials available on-line. (800) 510-0146
+ 1 (617) 614-3449 (International) Pass Code: 68006673 To avoid a delay in
start time, please dial-in beginning at 4:45 p.m.

Newmont Mining Corporation (NYSE: NEM), together with its subsidiaries,
engages in the acquisition, exploration, and production of gold and copper
properties. The company's assets or operations are located in the United
States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. NEM closed
up slightly on Monday (10/7/13) at $27.17 on 6.3 Million shares traded by
market close.

Armco Metals Holdings, Inc. (NYSE: AMCO) engages in the import, sale, and
distribution of metal ore and non-ferrous metals in the People's Republic of
China. Its product line includes iron, chrome, nickel, copper, and manganese
ores, as well as non-ferrous metals, coal, and steel billets. The company also
recycles scrap metals used by steel mills in the production of recycled steel.
In addition, it provides sourcing and pricing services for various metals to
its network of customers. AMCO closed up over 15% on Monday (10/7/13) at
$0.4179 on 601,000 shares traded by market close.

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