Mamba Minerals (ASX:MAB) on Friday announced that it will merge with Champion Iron Mines (TSX:CHM), a Canadian iron ore developer with properties in the Labrador Trough.
Iron Company News Directory
The government of South Australia has granted final approval for a new iron ore project in the Eyre Peninsula, according to AAP, via Steel Guru.
London Mining (LSE:LOND said on Wednesday it will seek an investment partner to develop its $2-billion iron ore mine in Greenland, The Times reported via Invezz.
Brazilian steelmaker Gerdau SA (NYSE:GGB) said Thursday it will spend $5.8 billion through 2020 to expand its iron ore processing capacity to 24 million metric tonnes a year, Platts reported.
Australian mega-miner Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) said today that it will spend $400 million to expand production in the Australian Pilbara region to 360 million tonnes per annum by 2015.
Apollo Minerals (ASX:AON) has updated its exploration target at its Kango North iron project in Gabon, to between 2 billion tonnes and 3.5 billion tonnes, grading 30 to 40 percent iron, Steel Guru reported.
Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) has sold its Borborema iron ore project in Brazil to Australian company Latin Resources (ASX:LRS), MINING.com reported.
Fortescue Metals Group (ASX:FMG) is planning a substantial expansion of its Christmas Creek iron ore mine in the Australian Pilbara region, The Australian reported.
London South East reports that Anglo American (LSE:AAL) has completed the sale of its Amapa iron ore operation in Brazil to Zamin Ferrous Limited.
African Business Review reported that Sable Mining (LSE:SBLM) has raised £17.1 million from to accelerate development of the company’s flagship Nimba Iron Ore Project in south-east Guinea.