I have very recently clocked this company, I post two Marketwires, my basic notes and Otto's comment tonight about the buyer.

Projects

• Brazil
• Iron Production
• Alternative Fuels
• Fischer Tropsch Catalysts
• Port Alberni, Canada

Iron Production

In 2008, G4G achieved an agreement with Iron Mineral Beneficiation Services (Pty) Ltd (IMBS) in South Africa to form joint ventures to deploy the FinesmeltTM iron reduction technology developed by IMBS. FinesmeltTM is a patented process which converts iron ore fines into high quality iron units. The joint venture with IMBS is a strategic relationship which compliments G4G’s iron ore development projects.

IMBS has developed and is the beneficial owner of FinesmeltTM, which is intellectual property for the conversion of iron ore fines and super fines (hematite and magnetite) into metallic iron units without agglomeration. FinesmeltTM is a unique process that converts otherwise waste iron ore fines into hot briquetted iron and pig iron. The IMBS technology utilizes thermal coal in the reduction process whereas other processes use higher priced coking coal.

FinesmeltTM Technology

The FinesmeltTM technology takes superfine iron-ore, reduces it in a rotary kiln, and ultimately produces iron units – in the form of hot briquetted iron (HBI) or pig iron – for sale as feedstock to steel manufacturers.

Methods of iron production are well known, but the FinesmeltTM technology is a new method developed to utilise the vast amount of available iron oxide fines, generated as waste product from conventional iron ore processing. FinesmeltTM bypasses the need for agglomeration – the usual way to treat superfine material – and uses cheaper thermal coal (devolatilised) as the reducing agent.

Advantages & Benefits

Scalability and Speed of Deployment
A 500,000 ton per annum FinesmeltTM plant can be produced, deployed and commissioned in a six month period.

Operational and Capital Cost Efficiency
The FinesmeltTM process allows for the cost effective co-generation of electricity. This allows the process to be significantly more operational and capital efficient than competing processes. FinesmeltTM utilizes thermal coal in the reduction process whereas other processes use higher priced coking coal.

Product and Feed Flexibility
Finesmelt™ has the ability to process non-traditional input materials. This includes sub 100-micron iron fines, iron ores with FE content greater than 62% and regular thermal coal, giving FinesmeltTM a major production cost advantage.

Environmental Sustainability

The nature of the Finesmelt™ process is such that it has significant environmental benefits over traditional iron and steel making processes such as:

The advantages impact positively on the environment allow for carbon credit trading.

Feedstock

For the FinesmeltTM process, the main raw materials are iron ore fines and a reducing agent (devolatilised coal). The IMBS process can use either magnetite or hematite ores of a sub 2mm fraction. The iron content in the ore must be at least 62%. Ores as small as 20 microns have been processed successfully under test conditions. To produce a suitable reducing agent or reductant with high carbon, low ash and low volatiles, thermal coal with an ash content of 10% to15% and a volatiles content of up to 30% is devolatilised at 960 °C. The devolatilised the coal will be milled down to a size of less than 2mm, and stored in a day bin via a continuous process.

Prior to being fed to the rotary kiln, the iron ore and devolatilised coal must be prepared for processing. The superfine iron ore will be dried at 350°C and stored in a day bin in a continuous process. The devolatilised coal will be milled to a sub 2mm fraction before storage in a day bin in a continuous process. This will be followed by blending. In the process of blending the exact recipe requirements of the three primary ingredients will be screw-fed into a weigh hopper in a batch process. From there the material will be fed into a rotating blending drum, and once blended, fed into the blended day bin.

Reduction

To produce iron from iron ore, it is first necessary to remove the oxygen from the iron ore through a process called reduction. Iron ore is usually in the form of hematite (Fe3O4) or magnetite (Fe2O3), which are both iron-oxides.
Reduction of the iron ore is achieved by applying heat and introducing a reducing agent, which is typically carbon (in the case of FinesmeltTM, devolatilised thermal coal) to the heated product. Through a number of reaction stages the heated iron ore and carbon react to remove the oxygen from the ore, resulting in metallic iron and carbon dioxide gas, as shown below.

Air and carbon: 2C + O2 2CO
Stage One: 3Fe2O3 + CO 2Fe3O4 + CO2
Stage Two: Fe3O4 + CO 3FeO + CO2
Stage Three: FeO + CO Fe + CO2

The FinesmeltTM reduction process begins when the blended iron ore and devolatilised coal is fed into the reduction feed hopper at a constant temperature of 1050°C. The material will be retained in the vessel for varying periods dependent on the size of the feed. The larger the particle size of the feed, the longer the retention time. Retention will vary between 2 hours and 3 hours. During this reduction process a product consisting of more than 90% metal will be produced. This reduced metallic material will be air-cooled on a conveyor.

The iron that leaves the reduction phase is processed mechanically to produce hot briquetted iron (HBI) which is sold on as a product.

The FinesmeltTM Process:

Saleable Iron Units

After cooling, the output material from the reduction kiln will undergo magnetic separation. The reduced iron will then be mechanically formed into Hot Briquetted Iron (HBI). To produce HBI, the reduced, magnetic, material will be reheated to 750°C under reducing conditions and fed into a hot briquetting press on a continuous basis. The press will create the HBI, the cast saleable product.

Finesmelt™ HBI is a superior steel feedstock with good thermal and electrical conductivity. It is stable and resistant to loss of metallization, and is easily transported and stored. Finesmelt™ HBI can also be fed directly to a Basic Oxygen Furnace (BOF) or Electric Arc Furnace (EAF) as a metallic iron source and as an excellent scrap substitute.

The metal that leaves the rotary kiln can be processed further in a second phase. The second phase adds additional heat to the iron, melting it and preparing it for casting into an appropriate finished product, typically pig iron.

MBS have successfully deployed FinesmeltTM technology on a laboratory test scale, and on a pilot plant scale. The Finesmelt™ Demonstration Unit in Olifantsfontein, South Africa has been running successfully for two years, with an annual production of over 8,000 tonnes.

Finesmelt™ Demonstration Unit

The Nigel project, located near Johannesburg, South Africa, is currently planned to be the first plant using this technology to operate on a commercial scale. The Nigel plant will produce 50,000 tonnes per year of saleable iron units.

Commercial scale plants will comprise of multiple 50,000 tonne per year units, with each plant having a minimum annual output capacity of 250,000 tonnes.

G4G and IMBS are evaluating a number of iron ore resources as potential projects to build and operate FinesmeltTM plants. G4G’s strategy is aligned with IMBS’ global roll-out strategy, with the objective being to generate cash flow from operations.

For more information on IMBS, FinesmeltTM and the Nigel project, please visit the IMBS website at www.imbsworld.com.

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G4G Resources Ltd. TSX VENTURE: GXG Other Recent News

May 4, 2009 G4G Resources Closes $300,000 Financing VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) today announced the closure of the previously announced non-brokered private placement of 5,000,000 Units at a price of $0.06 per Unit for gross proceeds of $300,000 (see press release dated March 24, 2009). Each Unit consists of one common share and one non-transferable common share purchase warrant, entitling the holder thereof to purchase an additional common share at an exercise price of $0.15 per share until the earlier of (i) 24 months following issuance; and (ii) in the event that the common shares of G4G trade at or above $0.50 per share for a period of 20 consecutive days. The private placement financing has received regulatory approval. All securities issued in connection with the private placement will be subject to a four-month regulatory hold period, expiring on September 5, 2009 in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The previously announced press release (dated April 6, 2009) granting options to directors, officers and consultants of G4G to purchase 1,100,000 common shares of G4G at an exercise price of $0.07 has been revised to: the granting of options to directors, officers and consultants of G4G to purchase 1,100,000 common shares of G4G at an exercise price of $0.10 per common share of G4G, subject to regulatory approval. About G4G Resources G4G Resources is a Canadian-based mineral exploration and development company focused on a number of resource projects.

OTTO SEZ

yeah, the guy is a big player

http://www.incakolanews.blogspot.com...

May 11, 2009

Pasquale DiCapo Acquires Common Shares of G4G Resources Ltd.

TORONTO, ONTARIO--(Marketwire - May 11, 2009) - Mr. Pasquale DiCapo ("DiCapo"), 130 King Street West, Suite 2500, Toronto, Ontario M5X 1A9 announces that on May 4, 2009, it acquired ownership of 1,100,000 common shares ("Common Shares") of G4G Resources Ltd. ("G4G") and 1,100,000 common share purchase warrants (the "Warrants") (each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.15 until May 4, 2011) which securities were acquired by DiCapo indirectly. These holdings represent approximately 5% of the issued and outstanding Common Shares (or approximately 9.5% on a partially diluted basis, assuming exercise of the Warrants only). In addition, as at May 4, 2009, joint actors of DiCapo acquired ownership and control of 500,000 broker warrants (including an additional 500,000 convertible securities underlying such broker warrants) of G4G (collectively, the "Joint Actor Securities"), which (i) represents approximately 4.4% of the issued and outstanding Common Shares on a partially diluted basis, assuming exercise of the Joint Actor Securities only; and (ii) when taken together with the securities of DiCapo, represent approximately 5% of the issued and outstanding Common Shares (or approximately 13.3% on a partially diluted basis, assuming exercise of the Warrants and Joint Actor Securities only). Immediately following the transaction noted above, DiCapo owns: (i) 2,100,000 Common Shares which are owned by DiCapo directly; and (ii) 1,700,000 warrants (including the Warrants), of which 1,500,000 such warrants are owned by DiCapo directly and 200,000 such warrants are owned by the DiCapo indirectly. Such securities represent approximately 9.6% of the issued and outstanding Common Shares (or approximately 16.1% on a partially diluted basis, assuming exercise of the Warrants only). In addition, as at May 4, 2009, joint actors of DiCapo own 500,000 broker warrants (including an additional 500,000 convertible securities underlying such broker warrants) of G4G (collectively, the "Joint Actor Securities"), (i) representing approximately 4.4% on a partially diluted basis, assuming exercise of the broker warrants and the underlying convertible securities only; and (ii) when taken together with the securities owned by DiCapo, represent approximately 9.6% of the issued and outstanding Common Shares (or approximately 19.5% on a partially diluted basis, assuming exercise of the Warrants, broker warrants and underlying convertible securities only). These transactions were made for investment purposes and DiCapo and his joint actors could increase or decrease their respective investments in G4G depending on market conditions or any other relevant factor. To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact: Shaun Drake Tel: 416-848-0107 Fax: 416-848-0790 sdrake@mdcorp.ca 50 Richmond Street East, Suite 101 Toronto, ON M5C 1N7