Mining.com reported that top iron ore producer Vale SA (NYSE:VALE) will expand operations at its mine in Carajas, Brazil. The mine is currently the world's largest iron-ore complex.
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Reuters reported that BHP Billiton plans to raise its production of iron ore this year in an attempt to acquire more of the Chinese market for the metal.
Bloomberg reported that Rio Tinto (NYSE:RIO) has announced record iron ore production for the first quarter of 2014. The increased outputs will add to a rising global surplus, according to Bloomberg.
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.
Champion Iron Mines Ltd. (TSX:CHM) and Mamba Minerals Ltd. (ASX:MAB) announced the completion of an arrangement under which Mamba and subsidiary Champion Exchange will acquire all of Champion Iron Mines' outstanding common shares.
Alderon Iron Ore Corp. (TSX:ADV,NYSEMKT:AXX) announced that The Kami Mine Limited Partnership, an affiliate of Alderon, has signed a Grant-in-lieu of Municipal Taxes Agreement with the Town of Wabush with respect to the development of the Kami iron ore project, located in Western Labrador.
Carpentaria Exploration Ltd. (ASX:CAP) announced that the maiden indicated resource for its Hawsons iron project sits at 215 million tonnes at 16.2-percent mass recovery. It contains 35 million tonnes of premium-grade magnetite concentrate.
Sundance Resources Ltd. (ASX:SDL) announced that its subsidiaries, Cam Iron SA and Congo Iron SA, have signed a 10-year offtake agreement with Noble Resources International Pte Ltd., a global commodities trader.
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.
Mineweb reported that the West Australia-based Roy Hill iron ore project has been given the largest funding package a land-based mining project has ever received.