BHP Billiton Ltd (BHP.AX), the world’s biggest miner, reported that the company has approved $1.93 billion of capital expenditure to expedite growth of its Western Australia iron ore business, reflecting continued strong demand for the commodity. The press release is quoted as saying: Analysts forecast contract iron ore prices under negotiation with steel mills could [...]
Read the full article: "BHP approves $1.93 bln for iron ore..."
Wednesday, January 27, 2010
Freewest Resources Canada Inc. (TSX VENTURE:FWR) reported that the company obtained a final order from the Ontario Superior Court of Justice in respect of its previously-announced Arrangement with Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF). The press release is quoted as saying: Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern [...]
Read the full article: "Freewest updates on Cliffs Natural Resources..."
Tuesday, January 26, 2010
Metalloinvest, Russia’s largest iron ore miner, is reported to be in talks with banks over a possible initial public offering of its shares. The press release is quoted as saying: Metalloinvest could take a decision on the listing at the end of the first quarter. Click here to access the entire press release
Read the full article: "Russia Metalloinvest in IPO talks with banks"
Friday, January 22, 2010
On Thursday, it was reported that Fortescue Metals Group(FMG.AX), third largest iron ore miner, will increase the output as it plans to look beyond China for new growth in Asia. The press release is quoted as saying: Fortescue, like its bigger rivals Rio Tinto (RIO.AX)(RIO.L) and BHP Billiton (BHP.AX)(BLT.L), has stoked output to keep pace [...]
Read the full article: "Fortescue plans to increase output"
Thursday, January 21, 2010
By Kishori Krishnan Exclusive To Iron Investing News With key indicators across developed economies showing an improvement in the quarter, mining heavyweight BHP Billiton Ltd has teamed up with rivals Rio Tinto Group and Posco, Asia’s most profitable steelmaker, in raising iron-ore production. An uptick in demand from automakers and builders has ensured a good [...]
Read the full article: "Ironing Out The Issues"
Wednesday, January 20, 2010
Central Iron Ore Ltd. (TSX VENTURE:CIO) reports that the company has applied for 2 new tenements that are considered prospective for the occurrence of Iron Ore. The press release is quoted as saying: The applications have been made through its 100% owned subsidiary Central West Resource Pty Ltd. and are located within the Yilgarn Iron [...]
Read the full article: "Central Iron Ore:New Tenement Applications"
Tuesday, January 19, 2010
International Gold Mining Limited (TSX VENTURE:IGL) reported that the company has changed its name to “Central Iron Ore Limited” and it has completed its previously announced consolidation of its common share capital on a ten (10) old for one (1) new basis. The press release is quoted as saying: At the opening of markets on [...]
Read the full article: "International Gold Mining changes its name..."
Monday, January 18, 2010
Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. The press release is quoted as saying: The iron formation is semi-coincident with three limbs of an apparent large regional fold that extends for more than 13 kilometres as interpreted from [...]
Read the full article: "Diamonds North Resources update"
Friday, January 15, 2010
CHAMPION MINERALS INC. (TSX VENTURE:CHM)(FRANKFURT:P02)reported that a 10,000 m drilling campaign will start in early February to test the Mammoth Zone, a 25 km2 area with a magnetic signature representing extensive folded and potentially thickened iron formation. The press release is quoted as saying: Champion is an exploration Company focused on discovering and developing significant [...]
Read the full article: "CHAMPION MINERALS drilling update"
Thursday, January 14, 2010
First Point Minerals (TSX VENTURE:FPX) reported that the comapny has more than doubled the size of the Baptiste Target on the Decar property in Central BC as a result of the 2009 field work. The press release is quoted as saying: The nickel-iron alloy grains average 75% nickel, 23% iron, minor amounts of cobalt and [...]
Read the full article: "First Point Minerals update"
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.
Get our exclusive independent commentary on iron trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Friday, January 29, 2010