Iron Company News Directory

BHP Billiton Considering Significant Asset Sales

The Wall Street Journal reported that BHP Billiton Ltd. (ASX:BHP) signaled it may pursue a new wave of asset sales in order to focus on commodities such as iron ore and petroleum, which make up the lion's share of its earnings.

Solid Resources Acquires Cehegin Iron Ore Concessions in Spain

Solid Resources Ltd. (TSXV:SRW), thru its wholly-owned subsidiary, Solid Mines España, S.A.U., has acquired all of the issued and outstanding shares of Lorente y Pallares, S.L., a private Spanish company that holds all of the rights and interests associated with the Cehegin 62 iron ore concessions in south-eastern Spain. The purchase price for the acquisition was EUR135,000, plus the repayment of mortgage debt in the amount of EUR45,000.