Global expansion plans of top iron ore miners
The steep rise in iron ore prices has motivated top iron ore major to foray into global expansion plans. For full news, click here
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Featured Iron Companies
Higher profit for Portman due to iron ore price hike
Wednesday, July 30, 2008
PORTMAN’S first half net profit has more than doubled to $137.1 million due to rise in iron ore prices. The company said: It expects to produce 8 million tonnes of iron ore in 2008, with 7.7 million tonnes coming from its Koolyanobbing operation and 300,000 tonnes from Cockatoo Island. Click here for full story
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Movement of Iron Ore in Bastar, India disturbed
Tuesday, July 29, 2008
Iron ore movement in Iron rich Bastar region of India has been disturbed as goods trains were suspended at night for a week due to Maoist violence. For full story, click here
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Rio to invest $2 billion to expand Corumba Mine
Tuesday, July 29, 2008
Rio Tinto will invest more than $2 billion to expand Brazil’s Corumba mine in order to capitalise on increasing demand for iron ore. The company quoted that: Corumba expansion would capitalise on increasing demand for iron ore in South America and the Middle East and increase the company’s presence in Europe. For full story, click here
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Introduction to Iron
Tuesday, July 29, 2008
Iron is one of the most abundant elements on earth and accounts for 95% of worldwide metal production. It is key in the construction of machinery, tools, automobiles, ships, buildings, etc., due to its strength and low cost. Because pure iron is very soft, it is most often used in the form of steel. Metallic [...]
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Harbinger Capital bullish on Iron Ore sector
Tuesday, July 29, 2008
Harbinger Capital is still bullish on Western Australia’s vibrant iron ore sector. Philip Falcone, the head of Harbinger Capital, said: His company had received multiple calls from strategic buyers looking to acquire its 15.8 per cent Fortescue stake. We’ve yet to make a decision on which direction we plan to go, and if we sell, [...]
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Vedanta’s first quarter profit shoots up 6.3%
Tuesday, July 29, 2008
Vedanta Resources’ first quarter profit shoots up 6.3% due to record production of iron ore. The London-based company reported that: Earnings before interest, tax, depreciation and amortization gained to $739 million in the three months ended June 30, from $695.4 million a year earlier. For full news, click here
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Iron ore prices to remain firm
Friday, July 25, 2008
Iron ore prices are expected to be firm. Chris Griffith, chief executive officer of Kumba Iron Ore Ltd., was quoted as saying: Prospects for the iron-ore market remain positive. There is continued strong Chinese demand for steel and upward pressure on iron ore prices. For full story, click here
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Rio Tinto signs sales agreement with Iron Ore Holdings
Friday, July 25, 2008
Rio announced that it would buy raw material from Iron Ore Holdings’ 1.5 million-tonne-a-year mine at Phil’s Creek. The agreement between Rio and IOH can unlock millions of tonnes of stranded iron ore in Western Australia’s Pilbara. For full news, click here
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Coming Soon…
Wednesday, July 23, 2008
Check back soon for profiles of iron ore exploration and mining companies.
Read the full article: "Coming Soon…"
- Cuervo Resources Inc.- Iron Ore Exploration in the Peruvian Andes
- Zone Resources Inc. – Developing the Girard Iron Property
Asides
The Iron Ore Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
IronInvestingNews.com maintains a focus on Iron exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
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Wednesday, July 30, 2008