West African Iron Ore Corp. (TSXV:WAI) arranged a $2 million unsecured convertible debenture financing agreement with Sky Alliance Resources Inc. (SARI), a privately owned, international mining and consulting firm based in Hong Kong and registered in the British Virgin Islands.
Iron Company News Directory
Canadian International Minerals Inc. (TSXV:CIN) approved all items tabled at its Annual General and Special Meeting held on May 17, 2013. Michael Schuss, Tor Bruland, Garth Evans, J. Casey Forward, and Christopher Verrico were elected as directors, and Mackay LLP were appointed as auditors. A 2013 stock option plan was approved, and so was a special resolution of disinterested shareholder approving the repricing of stock options held by insiders of the Company. The Company also repriced certain stock options.
AK Steel (NYSE:AKS) said on May 20th that Magnetation LLC ("Magnetation"), its joint venture with Magnetation, Inc., has successfully completed a $325 million senior secured note offering and has entered into a $50 million senior secured credit facility.
A North Dakota company plans to build a $60 million iron-producing plant near Jamestown using iron ore concentrate from Minnesota, Duluth News Tribune reported.
The Australian reports that Arrium said iron ore shipments surged 8.3 per cent in the third quarter as it continued to boost output at its Southern Iron mine in South Australia, which began producing towards the end of last year.
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.
Xinhua reports that Wuhan Iron and Steel Group expects to bring its iron ore project in Liberia online before the end of the first half of this year.