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Company News

Iberian Minerals Announces OTCQB Listing

Iberian Minerals Announces OTCQB Listing

Iberian Minerals (TSXV:IML) will begin trading in the United states on the OTCQB Venture Marketplace. The listing will be effective October 31.

Cliffs Natural Resources Releases Third Quarter Results

Cliffs Natural Resources (NYSE:CLF) announced that it had generated a consolidated revenue of $1.3 billion, a decrease of $248 million from this time next year. The company said the lower revenues were largely because of the dropping mark price of iron ore and a reduction in market pricing for metallurgical coal.

Champion Iron Limited Announces JORC Resource and Reserve Statement for Fire Lake North

Champion Iron (TSX:CIA,ASX:CIA) announced that it has an initial Australasian Joint Ore Reserves Committee (JORC) resource and reserve statements for its wholly owned subsidiary Champion Iron Mines' Fire Lake North Project. The report notes a resource of over 1.2 billion tonnes including 755 million tonnes of measured and indicated metallurgically coarse grained hematite mineralisation. The reserve statement estimates totals of 464 million tonnes with an estimated 23 million in the "Proved" category.

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Market News

Inland China Steel Mills Could Increase Iron Ore Demand

According to, a report from Nick Pickens of Minerals Value Service stated that inland steel makers in China could have a capacity for up to 300 million tonnes of iron ore demand. Though that supply could also come from longer term agreements or captive mines, there is some possibility that those producers could look to seaborne supply as a competitive alternative, according to Pickens.

Iron Ore Imports Dropped for China in August

China's imports of Iron ore dropped this August compared to the previous month, Reuters reported. The decline was due to a slump in demand and growing supply.

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