A subsidiary of Canada Chrome Corporation, KWG Resources Inc (TSXV: KWG), has appointed a railroad engineering firm for a new railroad link. The firm has completed several projects with KWG’s principal shareholder Cliffs Natural Resources (NYSE: CLF). The North American business unit of Cliffs Natural is comprised of six iron ore mines owned or managed [...]
Read the full article: "KWG Resources appoints engineering firm"
Tuesday, September 29, 2009
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Read the full article: "WISCO acquires Consolidated Thompson shares"
Tuesday, September 29, 2009
Additional channel sample results with respect to the St. Anthony’s Gold project has been announced by Pacific Iron Ore Corporation (TSX.V: POC). The project has the potential to host gold resources. These results confirm historic grades from the St. Anthony mine area and demonstrate widespread gold mineralization over a large area. In light of the [...]
Read the full article: "Pacific Iron Ore provides update"
Monday, September 28, 2009
By Kishori Krishnan Exclusive To Iron Investing News The Chinese have blinked first on the 2009 iron ore pricing issue. Quietly accepting defeat, China’s biggest steelmakers have largely given up trying to wring discounts on iron-ore purchases this year and are now concentrating on next year’s contract-price talks, according to media reports. China, by far [...]
Read the full article: "China Accepts Defeat On Iron Pricing?"
Monday, September 21, 2009
By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Read the full article: "Strong Signs Spur Iron Talks"
Tuesday, September 8, 2009
By Kishori Krishnan Exclusive To Iron Investing News Iron ore negotiations are a real conundrum, as next year’s talks are soon to begin, yet this year’s have not been resolved. In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on [...]
Read the full article: "Fluctuating Fortunes"
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Tuesday, September 29, 2009