Mineweb reported that although activist shareholder Casablanca Capital LP has rejected a proposed settlement with Cliffs Natural Resources Inc. (NYSE:CLF), discussions between the two parties will continue.
Iron Company News Directory
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.
Champion Iron Mines Ltd. (TSX:CHM) yesterday provided an update on activities related to the feasibility study for its flagship Consolidated Fire Lake North project, located in Quebec.
Alderon Iron Ore Corp. (TSX:ADV,NYSEMKT:AXX) announced yesterday that its affiliate, The Kami Mine Limited Partnership, has entered into a Power Purchase Agreement and security agreement with Labrador Hydro.
Atlas Iron Ltd. (ASX:AGO) announced that its board has approved the development of the Mount Webber Stage 2 project, which is to double production at Mount Webber to 6 million tonnes per year. The new production rate should be achieved by the December 14 quarter.
Bloomberg reported that as "an additional productivity measure," BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has suspended production at Yarrie, its smallest iron ore operation. Yarrie is located in Western Australia.
Alderon Iron Ore Corp. (TSX:ADV,NYSEMKT:AXX) announced that the government of Newfoundland and Labrador said yesterday that it will go forward with building a third transmission line between Churchill Falls and Labrador West.