Alderon Iron Ore (TSX:ADV) — the company developing the Kami iron ore deposit in Canada's Labrador Trough — took a big step forward on Friday with the announced winner of the engineering, procurement and construction contract.
Strengthening demand in the Chinese steelmaking sector is shoring up the price of iron ore, according to recent media reports.
Despite predictions of weaker prices, the world’s leading producers are sticking by their plans to open new mines and expand their current operations.
Weaker-than-expected construction activity and new curbs on home buying are raising concerns about iron ore's recent run and are prompting some analysts to lower their price forecasts.
ABC News reports that a proposal by Venture Minerals (ASX:VMS) to build an iron ore mine in Tasmania's Tarkine region has cleared an environmental hurdle.
Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.
Century Iron Mines (TSX:FER), which is advancing the Joyce Lake direct shipping ore (DSO) project on the border of Quebec and Newfoundland/Labrador, announced on Friday it has filed a preliminary economic assessment on SEDAR.
Australian mining major Fortescue Metals (ASX:FMG) has officially opened its Firetail iron ore mine at its Solomon Hub, reports Australian Mining.
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.
Century Iron Mines (TSX:FER) CEO Sandy Chim spoke with the Investing News Network during PDAC in Toronto, on Eastern Canada as a mining jurisdiction and upcoming milestones for the Company in 2013.
Champion Iron Mines (TSX:CHM) Vice President of Corporate Communications Jeff Hussey spoke with the Investing News Network during PDAC in Toronto on looking for iron ore in Quebec and the Company's future plans.
Iron ore has officially entered bear market territory says Motley Fool, quoting Bloomberg.
Rio Tinto, (NYSE:RIO, ASX:RIO, LSE:RIO) a major producer of iron ore, said it expects Chinese demand for the steelmaking commodity to rise this year, Reuters reported.
Iron ore production in the United States fell 7.1 percent between January and February and is down 8.7 percent year on year, reports the US Geological Survey. Shipments and exports were also down.
Bloomberg reported that the iron ore market will be able to prevent near-term supply surplus due to high demand from China, according to Investec Securities.