Industry - Manufacturing latest news

SUDBURY, ONTARIO (MARKET WIRE) Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announces that it has acquired the existing coal property surface assets (the "New Elk Surface Assets"), including the coal preparation plant, silos, buildings, railway right of way, surface real estate, mining equipment, conveyor systems, electrics and coal waste dump all related to the New Elk Coal Company LLC ("New Elk") coal properties (the "New Elk Coal Properties") located near the town of Trinidad in Los Animas County, Colorado, U.S.A. The New Elk Surface Assets were acquired from a group of companies unrelated to New Elk.

CALGARY, ALBERTA (MARKET WIRE) Fording Canadian Coal Trust (TSX: FDG.UN) (NYSE: FDG) today announced that Elk Valley Coal has completed negotiations for approximately 90% of its anticipated coal sales for the 2008 coal year. If the remainder of the 2008 contracts are settled on similar terms, the average price for the 2008 coal year (April 1, 2008 - March 31, 2009) is forecast to be approximately US$275 per tonne for all coal products, compared with an average price of US$93 for the 2007 coal year. The average coal sales price may vary from quarter to quarter due to sales mix, including the timing of PCI (Pulverized Coal

ATLANTA, GA (MARKET WIRE) Drake Gold Resources (PINKSHEETS: DKGR) is pleased to release today a detailed and comprehensive report regarding its recent joint venture with Eagle Mining -- a property of 300 acres comprising two mining claims: the Abigail and Donovan claims in Arizona. The report, which is available on the Drake Blog (http://www.drakegold.blogspot.com), details the pertinent aspects of the project, including mining history of the area, BLM data, geological assays, and maps of the site.

Officials at Flotation Technologies Inc., a developer and manufacturer of deepwater buoyancy systems, has landed a $5.5 million contract for a custom-designed buoyancy system from an unnamed international energy company.

Hit by restructuring costs, PDL BioPharma Inc. late Thursday reported a first quarter loss of $61.9 million, or 53 cents a share, compared to a loss of $10.6 million, or 9 cents a share in the same period last year. (PDLI)

Richard Oulahan, the longtime executive director of Esperanza Unida Inc., died Friday morning at the age of 60.

RICHMOND, BRITISH COLUMBIA (MARKET WIRE) Skyline Gold Corporation ("the Company") (TSX VENTURE: SK) engaged in the business of exploring for precious and base metals from its properties in northwestern British Columbia's 'Golden Triangle' announces that it has arranged, subject to regulatory approval, a non-brokered private placement consisting of up to 2,000,000 flow-through shares at a price of $0.15 per share to qualified investors. Finders' fees may be payable in accordance with TSX Venture Exchange policies.

VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Molycor Gold Corp. (TSX VENTURE: MOR)(PINK SHEETS: MLYFF)(FRANKFURT: M1V) will grant incentive stock options to purchase an aggregate of 3,175,000 shares in the capital stock of the Company. The options will be granted for a period of five years commencing May 9, 2008 at a price of $0.14 per share.

MONTEREY, CA and FRANKLIN, TN (MARKET WIRE) Century Aluminum Company (NASDAQ: CENX) and Noranda Aluminum Holding Corporation announced today that Larry Holley has been named president and general manager of Gramercy Alumina, LLC and St. Ann Bauxite Limited, effective May 8, 2008.

VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado", the "Company" or "we") (TSX: ELD)(AMEX: EGO) announced today that Eldorado has filed its formal offer to acquire all of the outstanding shares of Frontier Pacific Mining Corporation (TSX VENTURE: FRP) ("Frontier Pacific") with Canadian securities regulators and a registration statement with the U.S. Securities and Exchange Commission and has commenced the mailing of its offer and related documents to Frontier Pacific shareholders.