Poor Chinese steel demand dragged iron ore prices to an eight-month low this week. Meanwhile, Mexico made headlines on Monday by cracking down on the Knights Templar gang, which has been smuggling iron ore in the state of Michoacán.
Yesterday, Canada's federal minister of environment said that Alderon Iron Ore's Kami project is "not likely to cause significant adverse environmental effects."
Cliffs Natural Resources and activist investor Casablanca Capital have different ideas about how Cliffs should proceed moving forward.
Brazil holds some of the largest iron ore reserves and is among the top three iron ore producers, placing third against China and Australia.
Lion One Metals Ltd. (TSXV:LIO,OTCQX:LOMLF) announced the results of the initial NI 43-101 mineral resource estimate for its South Australia-based Olary iron ore project.
Petmin Ltd. announced yesterday that it plans to increase its interest in privately owned North Atlantic Iron Corp. to 40 percent by investing a further $8 million. North Atlantic's goal is to set up a low-cost merchant pig iron business in Canada and/or the United States.
Century Iron Mines Corp. (TSX:FER) announced yesterday the results of a NI 43-101 mineral resource estimate on its Joyce Lake DSO project, which is part of the Newfoundland and Labrador-based Attikamagen project. The project has seen a 143-percent increase in its measured and indicated resource.
Champion Iron Mines Ltd. (TSX:CHM) provided an update on the progress Mamba Minerals Ltd. (ASX:MAB) has made in meeting the conditions required for the companies' merger.
Fancamp Exploration Ltd. (TSXV:FNC) President & CEO, Jean Lafleur, talks about selling off a lot of interests for cash, shares, and royalties and advancing the Magpie asset in 2014.
Champion Iron Mines Ltd. (TSX:CHM) Senior VP Corporate Development, Jeff Hussey, talks about their merger with Mamba Minerals.
Cap-Ex Iron Ore Ltd. (TSXV:CEV) CEO Francois Laurin spoke with the Investing News Network about their Block 103 Iron Ore project on the Labrador Trough, one of the top 20 mining jurisdictions according to the Fraser Institute. He said that the Company recently announced a resource of 7.2 billion tonnes of iron ore over a [...]
New Millennium Iron (TSX:NML) President and CEO, Dean Journeaux, spoke with the Investing News Network during PDAC in Toronto on their iron ore projects in Québec and Labrador the Company's plans for the future.
Mineweb reported that Standard & Poor's Financial Services LLC has lowered its rating for drilling company Boart Longyear Ltd. (ASX:BLY) in part due to its view that gold, copper and iron prices will not improve this year or in 2015.
Mineweb reported that on Monday, the Mexican government began a "major crackdown" on the Knights Templar drug cartel's illegal iron ore smuggling activity. Mining is reportedly one of the group's main sources of income.
Reuters reported that iron ore exports to China from Australia's Port Hedland rose to 21.34 million tonnes in February, up 36 percent from the year-ago period. In the previous month, they came to a total of 23.31 million tonnes.
Mining Weekly reported that falling steel prices in China have brought iron ore prices down to their lowest level since July. Overall, spot iron ore has sunk almost 11 percent in 2014.