Iron Company News Directory

Alderon Iron Ore Completes Required Engineering to Begin Construction at Kami Iron Ore Project

Alderon Iron Ore Corp. (TSX:ADV,NYSE MKT:AXX) reported that The Kami Mine Limited Partnership, an affiliate of Alderon, has finished the engineering work needed in order to commence construction at the Kami Iron Ore Project in western Labrador. The commencement of construction will still be subject to the completion of Alderon's financing plan as well as to project sanction by the Board of Directors of Alderon.

Baosteel Secures Control of Aquila Resources

The Australian reported this week that China's Baosteel has taken control of Aquila Resources (TSX:AQA), beating out a rival offer from Australia's Mineral Resources (ASX:MIN). The bid was backed by Charles Bass and Tony Poli, co-founder and executive chairman of Aquila respectively, according to the Australian.